AIDA 182 EXAM 2025 QUESTIONS AND
ANSWERS
Strategic risk - ANS Arise from trends in the economy and society, including changes in the
economic, political, and competitive environments, as well as from demographic shifts
-risk of increased competition
failing to respond to the changing customers demand and preferences...
4 quadrants this exposure of loss is
Likelihood and Consequences - ANS the relationship between which two basic measures is
critical for risk management in assessing risk and deciding whether or how to manage it
covariance - ANS Measures the extent to which variables move together or independently
varies predictably with some other variable - ANS regression analysis assumes that the
variable being forecast
trend analysis - ANS better forecast loss frequency and severity
the source of risk and who has traditionally managed it - ANS classifications of risk focus on
some aspect of the risk itself, the four quadrants of risk focus on
operational risk - ANS adequacy of suppliers to meet an organizations needs would be an
example of...
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arise from failure in processes, systems
@COPYRIGHT FYNDLAY 2025/2026
, hazard and operational risk - ANS embezzle funds
exposure - ANS measure of the maximum potential damage associated with an occurrence
covariance measures the extent to which two variables move together or independently -
ANS covariance measures the extent to which two variables move together or independently
probabilities deduced solely from historical data may change as new data are discovered or the
environment changes - ANS probabilities deduced solely from historical data may change as
new data are discovered or the environment changes
one way of presenting a continuous probability distribution is to divide the distribution into a
countable number of bins - ANS continuous probability distributions
represents probability estimates for a particular set of circumstances and the probability of
each possible outcome - ANS probability distribution
mode, density function - ANS for a continuous distribution, the ______ is the value of the
outcome directly beneath the peak of the probability ____
expected value - ANS term used for the weighted average of all the possible outcomes in a
theoretical probability distribution
50 percent - ANS a probability distribution's median has a cumulative probability of
cumulative probabilities - ANS can be used to evaluate the effect of various deductibles and
policy limits on insured loss exposures
2
relative frequency with which it occurs - ANS the mean is calculated by weighting each
Page
observed outcome by the
@COPYRIGHT FYNDLAY 2025/2026
ANSWERS
Strategic risk - ANS Arise from trends in the economy and society, including changes in the
economic, political, and competitive environments, as well as from demographic shifts
-risk of increased competition
failing to respond to the changing customers demand and preferences...
4 quadrants this exposure of loss is
Likelihood and Consequences - ANS the relationship between which two basic measures is
critical for risk management in assessing risk and deciding whether or how to manage it
covariance - ANS Measures the extent to which variables move together or independently
varies predictably with some other variable - ANS regression analysis assumes that the
variable being forecast
trend analysis - ANS better forecast loss frequency and severity
the source of risk and who has traditionally managed it - ANS classifications of risk focus on
some aspect of the risk itself, the four quadrants of risk focus on
operational risk - ANS adequacy of suppliers to meet an organizations needs would be an
example of...
1Page
arise from failure in processes, systems
@COPYRIGHT FYNDLAY 2025/2026
, hazard and operational risk - ANS embezzle funds
exposure - ANS measure of the maximum potential damage associated with an occurrence
covariance measures the extent to which two variables move together or independently -
ANS covariance measures the extent to which two variables move together or independently
probabilities deduced solely from historical data may change as new data are discovered or the
environment changes - ANS probabilities deduced solely from historical data may change as
new data are discovered or the environment changes
one way of presenting a continuous probability distribution is to divide the distribution into a
countable number of bins - ANS continuous probability distributions
represents probability estimates for a particular set of circumstances and the probability of
each possible outcome - ANS probability distribution
mode, density function - ANS for a continuous distribution, the ______ is the value of the
outcome directly beneath the peak of the probability ____
expected value - ANS term used for the weighted average of all the possible outcomes in a
theoretical probability distribution
50 percent - ANS a probability distribution's median has a cumulative probability of
cumulative probabilities - ANS can be used to evaluate the effect of various deductibles and
policy limits on insured loss exposures
2
relative frequency with which it occurs - ANS the mean is calculated by weighting each
Page
observed outcome by the
@COPYRIGHT FYNDLAY 2025/2026
