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AIDA 181 - Simulated Exam Questions And Answers Scored A+.
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Which one of the following pairs represents internal environmental factors that could be affected by a data analytics initiative? - Answer A. Opportunities and strengths B. Strengths and weaknesses C. Threats and opportunities D. Weaknesses and threats ** CORRECT: Strengths and weaknesses ...

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  • February 13, 2025
  • 17
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • opportunities and strengths

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AIDA 181 - Simulated Exam Questions
And Answers Scored A+.
Which one of the following pairs represents internal environmental factors that could be affected by a
data analytics initiative? - Answer A. Opportunities and strengths

B. Strengths and weaknesses

C. Threats and opportunities

D. Weaknesses and threats



** CORRECT: Strengths and weaknesses



If clusters are grouped at one level of the hierarchy, - Answer A. They are only grouped at that one level
of the hierarchy.

B. They are grouped at all levels of the hierarchy.

C. They are grouped at each lower level of the hierarchy.

D. They are grouped at each higher level of the hierarchy.



** CORRECT: They are grouped at each higher level of the hierarchy.



Which one of the following data governance tools allows the data governance committee to look at data
relationships and interdependencies across the organization? - Answer A. Internal coding procedures

B. Enterprise data models

C. Project management programs

D. External compliance guidelines



** CORRECT: Enterprise data models



A neural network can work with - Answer A. Categorical values only.

B. Numerical values only.

,C. Numerical and categorical values.

D. Probability values only.



** CORRECT: Numerical values only.



Encrypting data is an example of - Answer A. A data governance program.

B. A data security program.

C. A regulatory compliance program.

D. An enterprise risk management program



** CORRECT: A data security program.



Greatview Insurance is a regional insurer. The profitability of its homeowners book has been declining for
several years. In the past, Greatview has been able to maintain profitability by using traditional rating
variables, and implementing flat rate increases across the entire book when necessary. Management
believes that is the only way to improve profitability. Which one of the following would most likely occur
if Greatview continues to apply flat rate increases across the homeowners book? - Answer A. The
customers with the lower loss ratios would most likely find coverage elsewhere, and the overall retention
and loss ratio would increase.

B. The customers with higher loss ratios would be more likely to stay, leaving the insurer with the least
profitable segment of its book. The overall loss ratio would most likely not improve.

C. The customers with higher loss ratios would most likely find coverage elsewhere, and the overall
retention and loss ratio would decrease.

D. The customers with lower loss ratios would most likely pay the increase and stay, and the customers
with the higher loss ratio would leave, resulting in an improved loss ratio for the book.



** CORRECT: The customers with higher loss ratios would be more likely to stay, leaving the insurer with
the least profitable segment of its book. The overall loss ratio would most likely not improve.



Usage-based insurance (UBI) is - Answer A. A type of auto insurance in which the premium is based on
the policyholder's driving behavior.

B. Based on attributes such as driving record, driver education, years of driving experience, and credit
score.

, C. A device that tracks driving habits regarding braking, acceleration, speed, cornering, lane shifting, left
turns versus right turns, and the time of day the vehicle is driven.

D. A risk-management technique used for fleet safety programs to monitor employees' driving behaviors
but not to price insurance.



** CORRECT: A type of auto insurance in which the premium is based on the policyholder's driving
behavior.



A predictive model is applied to a clothing manufacturer's data of 1,000 employees, 50 of whom had
workplace injuries in the past year. The table below shows how often the model correctly and incorrectly
predicts for each employee "yes, will have an accident" or "no, will not have an accident."

Predicted No+Predicted Yes=Total (1,000 Employees)

Actual No 945 5 950

Actual Yes 10 40 50

Based on the preceding number, these statements can be made:

There are 40 true positives (TP) for which the model correctly predicted yes.

There are 945 true negatives (TN) for which the model correctly predicted no.

There are 5 false positives (FP) for which the model incorrectly predicted yes (and the actual answer is
no).

There are 10 false negatives (FN) for which the model incorrectly predicted no (and the actual answer is
yes).



What is the recall of the workplace injury predictive model? - Answer A. .80

B. .842

C. .889

D. .985



** CORRECT: .80



The efficiency of the flow between social network connections can be determined through - Answer A.
Local variables.

B. Homophily.

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