Question

What is the right ansewrs for those Qs Please! 1. A project team is creating a...

What is the right ansewrs for those Qs Please!

1. A project team is creating a new product for the personal insurance market. They are referring to demographic data to determine the territories that would be the best to introduce it. What kind of data would be categorized as?

A. Structured external data.

B. Structured internal data.

C. Unstructured external data.

D. Unstructured internal data.

2. What is correct regarding insurers' and risk managers' internal data?

A. Insurers and risk managers have traditionally used all their internal data.

B. Insurers and risk managers report all their internal data to regulatory agencies.

C. Insurers and risk managers are not required to report their internal data.

D. Insurers and risk managers have vast quantities of internal data they have not used.

3. What is a legal and regulatory concern of mass information from social media?

A. Fraud.

B. Privacy.

C. Veracity.

D. Volume.

4. An insurance company is using social media to confirm if an insured is

committing fraud. They turn to the person’s social media. What kind of data type is that?

A. Structured external.

B. Structured internal.

C. Unstructured external.

D. Unstructured internal.

5. What differentiates big data from traditional data?

A. Structure.

B. Velocity.

C. Privacy.

D. Fraud.

6. A predictive approach to data analytics involves...

A. Providing information to solve a particular problem.

B. Providing a method to be used repeatedly to provide information.

C. Providing sensors that predict accidents.

D. Providing a computer program to gather information from the Internet.

7. Insurers process_________ of their available structured data.

A. A low percentage.

B. A medium percentage.

C. A high percentage.

D. A variable percentage.

8. What is an example where both insurers and risk managers can use data science to improve their results through data-driven decision making?

A. Discovering new relationships in data.

B. Determining prior year losses at a particular location.

C. Providing human analysis of data.

D. Using industry data in addition to the organization's own data.

Homework Answers

Answer #1

Answer 1

C. Unstructured external data.

Explanation- this type of data acquisition is usually done by the external sources and as the data is not in records it is unstructured.

Answer 2

D. Insurers and risk managers have vast quantities of internal data they have not used.

Explanation- Insurer and risk managers usually have very large number of data files available which were not even processed or seen.

Answer 3

B. Privacy.

Explanation- privacy provides regulatory concern of mass information from social media.

Answer 4

Structured external

Explanation - any kind of Record which is properly structured and have a specific location is called structured data and in this case company is looking into the external source of the data acquisition which is structured external data.

P.s.- please you separate Threads for asking more than 4 questions in a go.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
26.Glasgow Tech. is a highly leveraged corporation. What does this mean? Select one: a. Glasgow Corporation...
26.Glasgow Tech. is a highly leveraged corporation. What does this mean? Select one: a. Glasgow Corporation has numerous risk exposures due to operations all over the world. b. Glasgow Corporation has taken many loans to finance its operations. c. Glasgow Corporation has financed its operations by itself and has not taken any loans. d. Glasgow Corporation has a very high P/E ratio. e. Glasgow Corporation has to receive huge amounts of money they owe (accounts receivables). 27.The insurer cannot replace...
1.    Health literacy is defined as             a) One's ability to understand, communicate with, and effectively...
1.    Health literacy is defined as             a) One's ability to understand, communicate with, and effectively interact with people across cultures             b) Degree to which people have the capacity to obtain, process, and understand basic health information/services             c) Chronic conditions that are experienced by all different types of cultural groups             d) Health differences that are closely linked with social, economic, and environmental disadvantage 2. Disease prevention is defined as Preventing, diagnosing, and treating acute conditions b) Eliminating...
1.    A company’s philosophy regarding CSR (corporate social responsibility) is initiated at what level of strategy?...
1.    A company’s philosophy regarding CSR (corporate social responsibility) is initiated at what level of strategy? a )    Corporate level b )    Business level c )    Functional level d )    Operational level e )    CSR is not an issue within strategy 2.    Activities an organization undertakes to move from where it currently is to where it wants to be in the future are: a )    An organization’s vision b )    Is the framework which analyzes the levels of competition c...
Expert Session 6 Quiz Expert: Duane Forrester Title: Learn the Basics of Search Engine Optimization External...
Expert Session 6 Quiz Expert: Duane Forrester Title: Learn the Basics of Search Engine Optimization External Link -- https://www.youtube.com/watch?v=Dm2KXhBPZDg -- End External LinkPlease review this expert session and answer each of the following questions by placing an * beside the relevant answer(s) and saving your response. If you would like to defend a particular response, you may do so by entering your comments in the FREE RESPONSE BLOCK in this file. Next, complete the actual quiz provided in Canvas so...
Problem 1 You are an internal audit manager in a central government department that pays subsidies...
Problem 1 You are an internal audit manager in a central government department that pays subsidies to agricultural businesses involved in the production of basic foodstuffs. You will soon be undertaking an internal audit of the claims processing unit in your department. In preparation for the assignment you are reviewing the audit file on the previous audit carried out three years earlier. You find the following extract from one of the previous internal audit’s planning schedules: • “The unit receives...
Identify the correct statement: A. Managers naturally seek to maximize shareholders' wealth B. Managers act in...
Identify the correct statement: A. Managers naturally seek to maximize shareholders' wealth B. Managers act in their own interests, and so there is no way to align their interests with those of the owners C. To motivate managers in non-profit firms, no employee incentives are needed D. To align the interests of managers and owners, owners must design systems to monitor and reward management behavior that increases the firm's profits Internal control systems: A. are the responsibility of the external...
1. Guidelines to protect electronic medical records were developed by this organization in the United States...
1. Guidelines to protect electronic medical records were developed by this organization in the United States Group of answer choices a. Department of Health and Human Services b. Center for Disease Control and Prevention c. World Health Organization d. None of the above HIPAA regulations initially went effect this year Group of answer choices a. 2003 b. 1996 c. 2001 d. 2006 Privacy of medical records is addressed under Group of answer choices a. HIPAA, b. HITECH c. USA Patriot...
19.   Under to PSA 260, those matters that arise from the audit of financial statements and...
19.   Under to PSA 260, those matters that arise from the audit of financial statements and in the opinion of the auditor, are both important and relevant to those charged with governance in overseeing the financial reporting and disclosure process are called a.   Audit matters of governance interest b.   Significant audit matters c.   Auditor findings d.   Material misstatement in the financial statements 20.   Audit matters of governance interest to be communicated to those charged with governance ordinarily include a.   Audit...
Please give examples for each risk domain in any healthcare organization. Domain Description Operational The business...
Please give examples for each risk domain in any healthcare organization. Domain Description Operational The business of healthcare is the delivery of care that is safe, timely, effective, efficient, and patientcentered within diverse populations. Operational risks relate to those risks resulting from inadequate or failed internal processes, people, or systems that affect business operations. Included are risks related to: adverse event management, credentialing and staffing, documentation, chain of command, and deviation from practice. Clinical / Patient Safety Risks associated with...
SCENARIO: Imagine a fictional social media firm called ShareMe. ShareMe is similar to Facebook; it is...
SCENARIO: Imagine a fictional social media firm called ShareMe. ShareMe is similar to Facebook; it is an online, virtual meeting place for friends and family to share photos, videos, and messages. With increased social media competition in the marketplace, ShareMe is struggling to stay profitable. Many advertisers are refusing to renew their ShareMe contracts for the upcoming calendar year. ShareMe currently has 300 employees. If ShareMe does not increase revenue this upcoming year, the firm will have to layoff 100...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT