AIC 300 EXAM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS

AIC 300 EXAM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Accuracy - Answer -In model performance evaluation, a model's correct predictions divided by its total predictions Actuary - Answer -A person who uses mathematical methods to analyze insurance data for various purposes, such as to develop insurance rates or set claim reserves Algorithm - Answer -An operational sequence used to solve mathematical problems and to create computer programs AllegationNeed assistance on Online classes, Exams & Assignments? Reach out for instant help!! Full Course Assistance, Plagiarism-free Essay Writing, Research Paper, Dissertation, Discussion Posts, etc…. Confidential & Secure services. Tutors are available for all subjects! Email now at: - Answer -A claim made in the complaint by the plaintiff, specifying what the plaintiff expects to prove to obtain a judgement against the defendant Average value method - Answer -A case reserving method that establishes a predetermined dollar amount of reserve for each claim as it is reported Big data - Answer -Sets of data that are too large to be gathered and analyzed by traditional methods Blockchain - Answer -A distributed digital ledger that facilitates secure transactions without the need for a third party