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ARM 401 with 100% correct answers | verified | latest update 2024
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ARM 401 with 100% correct answers | verified | latest update 2024
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ARM 4015 why analysis - correct answer-used primarily for problems involving human factors, such
as lack of managerial oversight
asking why repeatedly can help determine its ultimate cause. this process also prevents
investigators from relyingon potentially erroneous assumptions, instead of tracing the
problem through a chain of causality to its origin.
accuracy - correct answer-in model performance evaluation, a model's correct predictions
divided by its total predictions
adding probabilities to a fault tree - correct answer-multiply the numbers
artificial intelligence - correct answer-computer process or output that stimulates human
reasoning or knowledge
audits - correct answer-internal and external audits have the potential to identify both
negative risks and opportunity risks
avoidance - correct answer-a risk control technique that involves ceasing or never
undertaking an activity so that the possibility of a future loss occurring from that activity is
eliminated
big data - correct answer-sets of data that are too large to be gathered and analyzed by
traditional methods
book value (net depreciated value) - correct answer-an assets historical cost minus
accumulated depreciation
box action design - correct answer-earthquake resistant construction, used in buildings
under three stories tall, that integrates roof and floor diaphragms that can flex to transmit and
distribute the forces and earthquake exerts on a structure
breach of contract - correct answer-the failure, without legal excuse, to fulfill a contractual
promise
buildings - correct answer-for risk assessment and insurance underwriting buildings are
categorized by tupe of construction and how well that construction withstands different
hazards, like fire, wind, earthquake, vandalism, and others
causal factors - correct answer-the agents that directly result in one event causing another
cause and effect analysis - correct answer-identifies the possible reasons, direct and
contributory, that caused a negative event or problem by looking backwards through a
defective process
, centrality measure - correct answer-in a social network context, the quantification of a node's
relationship to other nodes in the same network
change analysis - correct answer-an analysis that projects the effects a given system
change is likely to have on an existing system
classification tree - correct answer-a supervised learning technique that uses a structure
similar to a tree to segment data according to known attributes to determine the value of a
categorical target variable
cluster analysis - correct answer-a model that determines previously unknown groupings of
data
coefficient of variation - correct answer-another way to measure the spread of results.
it measures the variation from a mean by dividing standard deviation of a distribution by its
mean.
often used to compare results from two different sets of data (such as surveys or tests) to
learn which one has more variation
computer vision - correct answer-a technology that simulates human vision
conceptual phase - correct answer-a phase in the life of a system when the basic purpose
and preliminary design of the system are formulted
conditional value at risk - correct answer-a technique to quantify the likelihood of losing a
specific dollar amount that exceeds the VaR threshold
criticality - correct answer-a product of consequence and occurrence ranking, taken from the
risk priority number calculation, used to determine the relative risk of a failure mode and
effects analysis item
criticality analysis - correct answer-an analysis that identifies the critical components of a
system and ranks the severity of losing each component
data mining - correct answer-the process of extracting hidden patterns from data that is used
in a wide range of applications for research and fraud detection
data science - correct answer-an interdisciplinary field involving the design and use of
techniques to process very large amounts of data from a variety of sources and to provide
knowledge based on the data
decision tree analysis - correct answer-A diagramming and calculation technique for
evaluating the implications of a chain of multiple options in the presence of uncertainty
delphi technique - correct answer-uses opinions of a select group of experts to identify risks
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