Risk and insur Guides d'étude, Notes de cours & Résumés
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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 (Latest 2023/ 2024 Update) Big Data Analytics for Risk and Insurance Exam | Questions and Verified Answers| 100% Correct| Grade A
- Examen • 30 pages • 2023 Très apprécié
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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 182 (Latest 2023/ 2024 Update) Risk and Insurance Analysis Techniques Exam | Questions and Verified Answers| 100% Correct| Grade A
- Examen • 40 pages • 2023
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AIDA 182 (Latest 2023/ 2024 Update) Risk and Insurance Analysis Techniques Exam | Questions and Verified Answers| 100% Correct| Grade A 
 
Q: What is true of diversifiable versus non-diversifiable risk? 
 
 
Answer: 
Diversifiable risks are not correlated and can be managed through diversification or spread of risk. 
 
 
 
Q: A company's fleet of cars is worrying the managers liquidity of the company and fuel prices having an adverse effect is which type of risk quadrant? 
 
 
Answer: 
Financia...
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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)
- Examen • 31 pages • 2023
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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 ...
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AIDA 182 - Risk and Insurance Analysis Techniques Exams| Questions and Verified Answers| 100% Correct (Latest 2023/ 2024 Updates STUDY BUNDLE WITH COMPLETE SOLUTIONS)
- Pack • 2 éléments • 2023
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AIDA 182 - Risk and Insurance Analysis Techniques Exams| Questions and Verified Answers| 100% Correct (Latest 2023/ 2024 Updates STUDY BUNDLE WITH COMPLETE SOLUTIONS)
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FLORIDA INSURANCE 2-14 EXAM TERMS QUESTIONS AND ANSWERS (100% SCORES)
- Examen • 33 pages • 2023
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FLORIDA INSURANCE 2-14 EXAM 
TERMS QUESTIONS AND ANSWERS 
(100% SCORES) 
Insurance - CORRECT ANSWER-Financial protection against loss or harm - An 
arrangement by which company gives customers financial protection against loss or 
harm such as theft or illness in return for premium payments. 
Life Insurance - CORRECT ANSWER-Is based on actuarial or mathematical principles 
and guarantees a specified sum of money upon the death of the person who is insured. 
Annuities - CORRECT ANSWER-Provid...
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AIDA 182 - Risk and Insurance Analysis Techniques Exam Prep| Questions and Verified Answers| 100% Correct (Latest 2023/ 2024 Update)
- Examen • 28 pages • 2023
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AIDA 182 Risk and Insurance Analysis Techniques Exam Prep| Questions and Verified Answers| 100% Correct (Latest 2023/ 2024 Update) 
 
Q: exposure 
 
 
Answer: 
Any condition that presents a possibility of gain or loss, whether or not an actual loss occurs; provides a measure of the maximum potential damage associated with an occurrence 
 
 
 
Q: volatility 
 
 
Answer: 
Frequent fluctuations, such as in the price of an asset; provides a basic measure that can be applied to risk outcomes 
 
 
 
Q...
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AIDA 182 Risk and Insurance Analysis Techniques Exam Prep| Questions and Verified Answers| 100% Correct (New 2023/ 2024 Update)
- Examen • 31 pages • 2023
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AIDA 182 Risk and Insurance Analysis 
Techniques Exam Prep| Questions and 
Verified Answers| 100% Correct (New 2023/ 
2024 Update) 
 
QUESTION 
 coefficient of variation 
 
 
Answer: 
measures variation from a mean by dividing the standard deviation of a distribution by its mean; 
used to compare results from two different sets of data to learn which one has more variation 
 
 
 
QUESTION 
 normal distribution 
 
 
Answer: 
a probability distribution that helps forecast volatility around a ...
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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)
- Examen • 34 pages • 2023
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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 (Latest 2023/ 2024 Update) Big Data Analytics for Risk and Insurance Exam | Questions and Verified Answers| 100% Correct| Grade A
- Examen • 16 pages • 2024
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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 
 
 
importance of understanding traditional data analysis techniques - ANSWER remain important in providing information and solving business problems; form the foundation for the newer techniques
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