Aida 181 exam Study guides, Class notes & Summaries

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...

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...

5 vs of big data - CORRECT ANSWER-volume variety velocity veracity value accuracy equation - CORRECT ANSWER-(TP + TN) / (TP + TN + FP + FN) tp = true positive tn = true negative fp = false positive fn false negative adverse development - CORRECT ANSWER-Increasing claims costs for which the reserves (based on ultimate loss estimates) are inadequate arrow - CORRECT ANSWER-a pathway in a classification tree Artificial intelligence - CORRECT ANSWER-compute processing/output that simulates reasonin...

AIDA 181 Exam Complete Questions And Solutions

AIDA 181 - Big Data Analytics for Risk and Insurance Exam Prep | Questions and Verified Answers | 100% Correct (Latest 2024 / 2025 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

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

AIDA 181 (Latest 2024 / 2025 Update) Big Data Analytics for Risk and Insurance Exam | Questions and Verified Answers | 100% Correct | Grade A Question: Computer output simulating human reasoning best describes which one of the following? Select one: A. Artificial intelligence B. Machine learning C. Deep learning D. Chatbots Answer: A Question: Annette is a claims adjuster with Midwestern Insurance (MI). MI recently invested in and established robotic process automation (RPA) ...

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 ...

AIDA 181 UPDATED Actual Exam Questions and CORRECT Answers big data - CORRECT ANSWER- sets of data that are to large to be gathered and alayszed by traditional methods 5 Vs of big data - CORRECT ANSWER- volume variety velocity veracity value volume - CORRECT ANSWER- far larger (consumes more storage space) than