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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...

According to the reading, deviance: A. always starts with malicious intent B. is an action, belief, or human characteristic that violates group norms C. is the same everywhere across the globe D. varies across time from one era to another - Answer- B Many conditions that were once considered deviant have shifted over time to be _____________________________. A. stigmatized B. normal C. evil D. crimes - Answer- B Tattoos are an example of: A. something that has always been and alwa...

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The field of play does not have an 11 yard hash mark along the goal line. The referee should: A) Begin the game with no hash mark and report to governing sports authority B) Not allow the game to begin until the hash mark is in place - ANS A The number of identical balls needed to start a game: A)1 B)3 C)5 - ANS C Team roster must be presented to the referee: A) Anytime prior to match B) 5 mins before C) 15 mins before - ANS C 5. In the last 5 minutes o...

Value of $1.00 in a fund at a given time Given by accumulation function a(t) Note that a(0) = 1 Amount function: A_k(t) = k * a(t); represents value of investment of k dollars - Answer- Accumulated Value, Accumulation Function, Amount Function i_t = [A(t) - A(t - 1)]/A(t - 1) Note that A(t) = (1 + i_t)A(t - 1) and A(t) = k prod_{n = 1}^t (1 + i_n) - Answer- Effective Rate of Interest A(t) = k(1 + it) i_t = i/[1 + i(t - 1)] - Answer- Simple interest A(t) = k(1 + i)^t i_t = i - Ans...

SOA PA Exam Questions with verified Answers What to examine when assessing the bivariate relationship between a Factor predictor variable and a binary target variable? What to examine when assessing the bivariate relationship between a Continuous predictor variable and a binary target variable? What to examine when assessing the bivariate relationship between a Factor predictor variable and a Continuous target variable? What to examine when assessing the bivariate relationship between a...