AIGP practice questions 71–80

1. Question 71 · 161 in bank

   What is the primary objective of continuous monitoring in the lifecycle of an AI tool?

   • ATo ensure that the AI tool’s algorithm evolves independently to adapt to new data without human intervention.
   • BTo track and adjust the tool’s performance in order to ensure that it meets its goals.
   • CTo restrict the AI tool from accessing external data sources to maintain data privacy.
   • DTo periodically upgrade the AI tool’s computational resources to maintain processing efficiency.

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   Answer: B

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2. Question 72 · 161 in bank

   What is the most important purpose of a validation data set when developing a machine learning model?

   • ATo guide model optimization during the training process.
   • BTo increase the total amount of data for ingestion.
   • CTo serve as a final set of unseen data.
   • DTo evaluate the model’s final performance prior to deployment.

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   Answer: A

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3. Question 73 · 161 in bank

   You are the chief privacy officer of a medical research company that would like to collect and use sensitive data about cancer patients, such as their names, addresses, race and ethnic origin, medical histories, insurance claims, pharmaceutical prescriptions, eating and drinking habits and physical activity. The company will use this sensitive data to build an AI algorithm that will spot common attributes that will help predict if seemingly healthy people are more likely to get cancer. However, the company is unable to obtain consent from enough patients to sufficiently collect the minimum data to train its model. Which of the following solutions would most efficiently balance privacy concerns with the lack of available data during the testing phase?

   • ADeploy the current model and recalibrate it over time with more data.
   • BExtend the model to multimodal ingestion with text and images.
   • CUtilize synthetic data to offset the lack of patient data.
   • DRefocus the algorithm to patients without cancer.

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   Answer: C

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4. Question 74 · 161 in bank

   Why is it important that conformity requirements are satisfied before an AI system is released into production?

   • ATo ensure the visual design is fit-for-purpose.
   • BTo ensure the AI system is easy for end-users to operate.
   • CTo guarantee interoperability of the AI system across multiple platforms and environments.
   • DTo comply with legal and regulatory standards, ensuring the AI system is safe and trustworthy.

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   Answer: D

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5. Question 75 · 161 in bank

   After completing model testing and validation, which of the following is the most important step that an organization takes prior to deploying the model into production?

   • APerform a readiness assessment.
   • BDefine a model-validation methodology.
   • CDocument maintenance teams and processes.
   • DIdentify known edge cases to monitor post-deployment.

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   Answer: A

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6. Question 76 · 161 in bank

   All of the following types of testing can help evaluate the performance of a responsible AI system EXCEPT:

   • ARisk probability/severity.
   • BAdversarial robustness.
   • CStatistical sampling.
   • DDecision analysis.

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   Answer: A

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7. Question 77 · 161 in bank

   Retraining an LLM can be necessary for all of the following reasons EXCEPT:

   • ATo minimize degradation in prediction accuracy due to changes in data.
   • BTo adjust the model’s hyperparameters to a specific use case.
   • CTo account for new interpretations of the same data.
   • DTo ensure interpretability of the model’s predictions.

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   Answer: D

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8. Question 78 · 161 in bank

   All of the following analyses are part of a deactivating risk strategy EXCEPT:

   • AUnderstanding regulatory requirements related to data retention.
   • BEvaluating business continuity and financial risks.
   • CUnderstanding algorithmic methodology in AI model
   • DEvaluating up and downstream system dependencies.

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   Answer: C

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9. Question 79 · 161 in bank

   To assist its internal recruiters with filtering job applications, a company decides to develop in-house an AI model for the screening and ranking of job applicants’ resumes. Which of the following is a unique issue this company might face compared to using a third-party AI service?

   • AThe company needs to invest in technical expertise to deploy and maintain its AI model.
   • BThe company has less control over the decisions made by its AI model.
   • CThe company needs to spend more money to deploy and maintain its AI model.
   • DThe company is solely responsible for compliance with relevant regulations and standards of its AI model.

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   Answer: D

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10. Question 80 · 161 in bank

    What is the most important factor when deciding whether or not to select a proprietary AI model?

    • AWhat business purpose it will serve.
    • BHow frequently it will be updated.
    • CWhether its training data is disclosed.
    • DWhether its system card identifies risks.

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    Answer: A

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AIGP practice, question 71. 161 questions available.