ARM 401 Segment B Assignment 4
Exam Actual Questions and Answers
2026
Which one of the following is an example of exploratory data
analysis? -
correct answer ✅Correlation matrix
The important first step in a decision-making model is to -
correct answer ✅Define the problem
A data analysis technique that an insurer would likely use to analyze
claims adjusters' notes is -
correct answer ✅Text mining
Tom, the regional manager at Westfork Mutual, has planned a
community service day for all employees. He has asked his two
assistant managers, Julian and Leah, to spread the word to other
employees and encourage them to attend. Based on centrality
measures of the company's email traffic, Tom is confident that
Julian will spread the word to more employees more quickly
through email than will Leah. Tom's confidence is based on Julian's
high score in which one of the following centrality measures? -
correct answer ✅Closeness
, ARM 401 Segment B Assignment 4
Exam Actual Questions and Answers
2026
Big data includes -
correct answer ✅Both structured and unstructured data
Which one of the following is a characteristic that differentiates big
data from traditional data? -
correct answer ✅Velocity
Which one of the following statements is most accurate? -
correct answer ✅the text in organizational files, social media
posts, news stories, consumer reviews, and so forth is not
automatically meaningful to a machine or an algorithm.
Which one of the following is a way that insurers and risk managers
can use data science to improve their results through data-driven
decision making? -
correct answer ✅Discovering new relationships in data
When examining a model's results, insurance and risk management
professionals should defer to -
correct answer ✅Their professional experience.
Exam Actual Questions and Answers
2026
Which one of the following is an example of exploratory data
analysis? -
correct answer ✅Correlation matrix
The important first step in a decision-making model is to -
correct answer ✅Define the problem
A data analysis technique that an insurer would likely use to analyze
claims adjusters' notes is -
correct answer ✅Text mining
Tom, the regional manager at Westfork Mutual, has planned a
community service day for all employees. He has asked his two
assistant managers, Julian and Leah, to spread the word to other
employees and encourage them to attend. Based on centrality
measures of the company's email traffic, Tom is confident that
Julian will spread the word to more employees more quickly
through email than will Leah. Tom's confidence is based on Julian's
high score in which one of the following centrality measures? -
correct answer ✅Closeness
, ARM 401 Segment B Assignment 4
Exam Actual Questions and Answers
2026
Big data includes -
correct answer ✅Both structured and unstructured data
Which one of the following is a characteristic that differentiates big
data from traditional data? -
correct answer ✅Velocity
Which one of the following statements is most accurate? -
correct answer ✅the text in organizational files, social media
posts, news stories, consumer reviews, and so forth is not
automatically meaningful to a machine or an algorithm.
Which one of the following is a way that insurers and risk managers
can use data science to improve their results through data-driven
decision making? -
correct answer ✅Discovering new relationships in data
When examining a model's results, insurance and risk management
professionals should defer to -
correct answer ✅Their professional experience.
