Aida 181 Study guides, Class notes & Summaries
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AIDA 181 - Big Data Analytics for Risk and Insurance Exams| Questions and Verified Answers| 100% Correct (Latest 2023/ 2024 Updates STUDY BUNDLE WITH COMPLETE SOLUTIONS)
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AIDA 181 - Big Data Analytics for Risk and Insurance Exams| Questions and Verified Answers| 100% Correct (Latest 2023/ 2024 Updates STUDY BUNDLE WITH COMPLETE SOLUTIONS)
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AIDA 181 - Big Data Analytics for Risk and Insurance Exam Prep| Questions and Verified Answers| 100% Correct (Latest 2023/ 2024 Update)
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AIDA 181 - Big Data Analytics for Risk and Insurance Exam Prep| Questions and Verified Answers| 100% Correct (Latest 2023/ 2024 Update) 
 
Q: machine learning 
 
 
Answer: 
 AI in which computers continually teach themselves to make better decisions on previous results and new data 
 
 
 
Q: Artificial intelligence 
 
 
Answer: 
 compute processing/output that simulates reasoning or knowledge 
 
 
 
Q: why do tech companies use AI 
 
 
Answer: 
 Tech companies use this to "Solve problems or to i...
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AIDA 181 Questions with Correct Answer1.
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AIDA 181 Questions with Correct Answer1.
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AIDA 181 Questions with Correct Answers
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AIDA 181 Questions with Correct Answer
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AIDA 181 - Chapters 1-10 Questions And Answers Solved 100% Correct!!
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Insurers can benefit from - Answer-A framework they can use to approach problems through data 
analysis 
The important first step in a decision-making model is to - Answer-Define the problem 
Which one of the following is a way that insurers and risk managers can use data science to improve 
their results through data-driven decision making? - Answer-Discovering new relationships in data 
The first step in the data mining process is to - Answer-Understand what a business wants to achieve 
Which ...
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AIDA 181 Questions And Answers Solved 100% Correct!!
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big data - Answer-sets of data that are to large to be gathered and alayszed by traditional methods 
5 Vs of big data - Answer-volume 
variety 
velocity 
veracity 
value 
volume - Answer-far larger (consumes more storage space) than traditional data stores 
variety - Answer-much of the data exists in multiple unstructured (this is defined later) formats 
velocity - Answer-speed at which the data arrives and the rate of evolution 
veracity - Answer-the completeness and accuracy is far less tradit...
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AIDA 181 (Latest 2023/ 2024 Update) Big Data Analytics for Risk and Insurance Exam | Questions and Verified Answers| 100% Correct| Grade A
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AIDA 181 (Latest 2023/ 2024 Update) Big Data Analytics for Risk and Insurance Exam | Questions and Verified Answers| 100% Correct| Grade A 
 
 
Q: Computer output simulating human reasoning best describes which one of the following? 
Select one: 
A. Artificial intelligence 
B. Chatbots 
C. Machine learning 
D. Deep learning 
 
 
Answer: 
A 
 
 
 
Q: Annette is a claims adjuster with Midwestern Insurance (MI). MI recently invested in and established robotic process automation (RPA) in many of its...
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AIDA 181 Big Data Analytics for Risk and Insurance Exam Prep| Questions and Verified Answers| 100% Correct (New 2023/ 2024 Update)
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AIDA 181 Big Data Analytics for Risk and 
Insurance Exam Prep| Questions and 
Verified Answers| 100% Correct (New 2023/ 
2024 Update) 
 
QUESTION 
 metadata 
 
 
Answer: 
 data about the data that provides context for analyzing transaction facts with efficient structures 
for grouping hierarchical information 
 
 
 
QUESTION 
 what type of data helps prevent data quality issues? 
 
 
Answer: 
 metadata 
 
 
 
QUESTION 
 what are some data mining techniques 
 
 
Answer: 
 classification 
 ...
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AIDA 181 - Assignment 4 - Applying Traditional Analysis Techniques 4.1 to 4.4c Questions Perfectly Answered
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What is exploratory data analysis? - Answer-Approach to understanding data before modeling. 
What techniques are used in exploratory data analysis? - Answer-Charts and graphs to show data 
patterns and correlations. 
What is a scatter plot? - Answer-Two-dimensional plot showing relationship between two attributes. 
What is a bubble plot? - Answer-Scatter plot with bubble size representing a third attribute. 
How can exploratory data analysis help with a business problem? - Answer-Provides basic ...
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AIDA 181 (New 2023/ 2024 Update) Big Data Analytics for Risk and Insurance Exam | Questions and Verified Answers| 100% Correct| Graded A
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AIDA 181 (New 2023/ 2024 Update) Big Data 
Analytics for Risk and Insurance Exam | 
Questions and Verified Answers| 100% 
Correct| Graded A 
 
QUESTION 
 Often, machine learning 
Select one: 
A. Reveals relationship and trends not found through traditional ratemaking analysis. 
B. Is not appropriate for smaller insurers, which do not have access to large amounts of data. 
C. Implements a flat rate increase for all of an insurer's homeowners policies. 
D. Is simply a ratio that measures loss ...
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