Soa pa exam - Study guides, Class notes & Summaries

Bernoulli Trial - An experiment in which there are exactly two possible outcomes Binomial distribution - A random variable X represents the number of successes observed from the n Bernoulli trials Binomial Parameters - n = number of trials p = probability of success q = 1-p Binomial probability function (f(x)) - E[X] binomial function - E[x] = np var(x) binomial function - var(x) = npq MGF binomial function - Additive property of binomial function - Sum of independent binomially dist...

Define forward Selection - answer-which involves starting with no variables in the model, testing the addition of each variable using a chosen model fit criterion, adding the variable (if any) whose inclusion gives the most statistically significant improvement of the fit, and repeating this process until none improves the model to a statistically significant extent. Define Gini - answer-[Impurity Measure] A measure of how often a randomly chosen element from the [segment] would be incorrect...

PA questions and answers latest top score. Random nSampling n- n ncorrect nanswer. n n nall nmembers nof nthe npopulation nhave nan nequal nchance nof nbeing nselected Stratified nSampling n- n ncorrect nanswer. n n nA ntype nof nprobability nsampling nin nwhich nthe npopulation nis ndivided ninto ngroups nwith na ncommon nattribute nand na nrandom nsample nis nchosen nwithin neach ngroup Systematic nSampling n- n ncorrect nanswer. n n nObservations nare ndrawn naccording nto na n...

Wellcare ACT Mastery Exam 2023/2024 with Complete Solutions Centene requires all contracted brokers/agents to read, understand, and agree to Centene's Business Ethics and Code of Conduct Policy. True False True Which of the following actions are you required to do when contacted regarding an allegation of noncompliant activity? a. Speak with the investigator as quickly as possible. b. Answer all questions honestly and completely. c. Offer information and documents important to the inve...

SOA PA Exam 2022 with all the correct answers

Three main categories of predictive modeling problems - Answer- 1. Descriptive - Focuses on what happened in the past and aims to "describe" or explain the observed trends by identifying the relationships between different variables 2. Predictive - Focuses on what will happen in the future and is concerned with making accurate predictions 3. Prescriptive - Uses a combination of optimization and simulation to investigate and quantify the impact of different prescribed actions in different sce...

WellCare Re-Cert Exam 2023 Study Guide Graded A+ Medicare Star Ratings and performance are at the forefront of Wellcare's quality strategy. Wellcare's quality focus consists of six drivers. Which of the following is not a Wellcare quality driver? Member Payments Which of the following is not an example of Protected Health Information (PHI)? Library card Any request or distribution of PHI should contain only the minimum amount of PHI required to complete the intended task. True Which of the...

Explain the difference between descriptive, predictive, and prescriptive modeling - Answer- Descriptive - focuses on what happened in the past and aims to describe the observed trends by identifying relationships between variables. Predictive - What will happen in the future and making accurate predictions. Prescriptive - Combo of optimization and simulation to investigate the impact of prescribed actions in different scenarios. Explain the difference between supervised and unsupervised le...

2024 Wellcare ACT Mastery Exam When a paper SOA form is used, it must be completed __________ hosting the sales presentation. - ANS Prior to A broker/agent who has never had any verbal warnings cannot be issued a Corrective Action Plan. - ANS False A Health Risk Assessment (HRA) can be completed for C-SNP and D-SNP plans only, before the enrollment application process in Ascend through the Value Based Enrollment (VBE) portal. - ANS False Health risk assessment (HRA) - A...

What are the three main categories of predictive modeling problems? - answer-Descriptive, Predictive, Prescriptive What are the focus and aim of Descriptive Modeling Problems? - answer-Focus: What happened in the Past Aim: To describe or interpret observed trends by identifying relationships between variables What are the focus and aim of Predictive Modeling Problems? - answer-Focus: What will happen in the future Aim: To make accurate predictions What are the focus and aim of Prescri...