Aic exam 4 study - Study guides, Class notes & Summaries

1 AIC EXAM STUDY GUIDE EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ What percentage of a conversation does a listener remember of what they hear? Correct Answer: 10% What percentage of a conversation does a speaker remember of what they say and do? Correct Answer: 90% When giving a presentation, one should do which of the following? Correct Answer: Keep the conversation short and on topic Which of the following should one do to effectively listen? Correct Answe...

AIC Exam Study Guide Questions With Verified Answers What percentage of conversations do listeners remember of what they hear? - answer10% What percentage of conversations do speakers remember of what they say and do? - answer90% When giving presentations, people should do which of the following? - answerKeep the conversation short and on topic Which of the following should people do to effectively listen? - answerListen objectively with the intent to understand the speaker's perspectiv...

I am using x to predict y. When I know the value of x, the mean-squared-error of my estimate of y is less than when I don't know x. - answers-x explains some of the variance in y If the SSmodel is greater than the SSresidual... - answers-the model accounts for more than 50% of the total variance What is the coefficient of determination? - answers-The proportion of variance accounted for in the dependent variable by the predictor variables. What is the relationship between r and beta in...

AIC 300 - Claims in an Evolving World Exam Study Guide Solutions Insurers usually send denial letters Select one: A. By email to ensure prompt receipt by the insured. B. By certified mail with a return receipt requested. C. By overnight courier. D. By registered mail. - ANSWER-B. By certified mail with a return receipt requested. Some will also send a copy via regular mail in case the certified letter is not accepted. As methods of communication evolve, it's important for claims prof...

1 AIC 30 EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ First Party Focus Correct Answer: Coverage and Amount of damage Second Party Correct Answer: Insurance Company First Party Correct Answer: Insured Third Party Correct Answer: Claimant Third Party Focus Correct Answer: Liability, Coverage, and Amount of damage Third Party Administrator (TPA) 2 Correct Answer: an organization that provides admin services associated with risk financing and insurance. The...

1 AIC 301 QUIZ/TEST STUDY EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Market Share Liability Correct Answer: Applies when a product that has harmed a consumer cannot be traced to a single manufacturer. They are liable unless they can prove they could not have made the product involved. A Defense to Fraud Correct Answer: The defendant must make the representation with the intent to influence the other party's action. If the defendant did not intend to deceiv...

1 AIC EXAM STUDY GUIDE | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ What percentage of conversations do listeners remember of what they hear? Correct Answer: 10% What percentage of conversations do speakers remember of what they say and do? Correct Answer: 90% When giving presentations, people should do which of the following? Correct Answer: Keep the conversation short and on topic Which of the following should people do to effectively listen? Correct Answer: Liste...

AIC 300 Exam Study Guide. First party insurance - answerinsurer makes payment for covered losses directly to the policyholder (first party) third-party insurance - answerinsurer makes payments on behalf of the policyholder to a claimant (third party) third party administrators (TPAs) - answer- an organization that provides administrative services associated with risk financing and insurance (claims, records, analysis, etc) - self insured businesses can handle their own claims or hire a TP...

I am using x to predict y. When I know the value of x, the mean-squared-error of my estimate of y is less than when I don't know x. - answer-x explains some of the variance in y If the SSmodel is greater than the SSresidual... - answer-the model accounts for more than 50% of the total variance What is the coefficient of determination? - answer-The proportion of variance accounted for in the dependent variable by the predictor variables. What is the relationship between r and beta in a ...

I am using x to predict y. When I know the value of x, the mean-squared-error of my estimate of y is less than when I don't know x. - answers-x explains some of the variance in y If the SSmodel is greater than the SSresidual... - answers-the model accounts for more than 50% of the total variance What is the coefficient of determination? - answers-The proportion of variance accounted for in the dependent variable by the predictor variables. What is the relationship between r and beta in...