CPMAI practice questions 21–30

1. Question 21 · 192 in bank

   Your team is tasked with selecting an algorithm for a supervised learning classification project. Which algorithm might you choose?

   • AGaussian mixture
   • BQ learning
   • CK-nearest neighbor
   • DK-means

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   Answer: C

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2. Question 22 · 192 in bank

   You just joined a new company and they want to start their first AI project. Senior management thinks the best approach is to just buy AI from a vendor. You know that AI is something you do, not something you buy. What is your next best course of action to address this?

   • ASay nothing and let the team figure it out for themselves
   • BShare prior experiences with how your last team addressed this problem and how you solved it
   • CHelp senior management do research on AI vendors
   • DShare prior experiences with how your last team addressed this problem and their data quality issues

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   Answer: B

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3. Question 23 · 192 in bank

   When looking to implement AI to help break the Digital Transformation logjam, it’s important to:

   • AHave the right culture for AI
   • BInvest in technology solutions to solve the problem
   • CFigure out which pattern(s) of AI are needed to incorporate intelligent systems into non digital processes
   • DStart with basic automation and introduce AI only as needed

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   Answer: A

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4. Question 24 · 192 in bank

   Your team is planning an AI enabled chatbot project to help reduce call center load. They are currently determining if the project can get off the ground and working through the AI Go/No Go feasibility questions. What stage of CPMAI is the team currently working on?

   • APhase I
   • BPhase II
   • CPhase III
   • DPhase IV
   • EPhase V
   • FPhase VI

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   Answer: A

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5. Question 25 · 192 in bank

   Leadership wants a new HR system built that will better handle potential candidate matching. The project manager assigned to this project believes that the project is well-suited for AI, however they are unsure which pattern of AI this would be. What should the project manager do?

   • AMove forward without determining which patter of AI this falls under.
   • BPick an algorithm that seems best suited for the problem and then determine which pattern of AI it is based on the algorithm selected.
   • CConduct a straw poll with stakeholders to determine which pattern of AI this project falls under so they can best collect the data needed and skill sets for the team.
   • DDetermine which pattern of AI this project falls under so they can best collect the data needed and skill sets for the team.

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   Answer: D

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6. Question 26 · 192 in bank

   Your team is working on a new loan decision model that takes a number of factors and data points into consideration and then automatically approves or denies a loan. After a month in operation someone does a review and notices that the system is denying a large number of loans from a certain demographic when all other factors from people in other regions (such as age, salary, and credit score) are the same. What is most likely happening here?

   • AData privacy issues leading to data sharing concerns
   • BBiased data sets leading to algorithmic discrimination
   • CGenerative AI models hallucinating data results
   • DNothing is wrong, algorithmic decisions will never be 100%

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   Answer: B

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7. Question 27 · 192 in bank

   You are working on the data engineering pipeline for the AI project and you want to make sure to address the creation of pipelines to deal with model iteration. What part of the pipeline best deals with this step?

   • AData Acquisition / Ingest / Capture
   • BRetraining Pipelines
   • CFeature Engineering
   • DELT Pipeline

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   Answer: B

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8. Question 28 · 192 in bank

   In order for Supervised Learning approaches to work, they must be fed clean, well-labeled data that the system can use to learn from examples. But how do you get Labeled Data? As a team leader at a small startup, what approach would not be beneficial when trying to gather labeled data?

   • AContract with Third Party Data Labeling Firms
   • BHire a Contractor Workforce
   • CGet your Users to Do it
   • DFind a source of already labeled data

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   Answer: C

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9. Question 29 · 192 in bank

   You’re running an image recognition project and realize that you do not have enough data of a certain type of vehicle. What is the best course of action to get the additional labeled data you need?

   • APurchase the data from a third party
   • BPerform Data Transformation & Multiplication
   • CPerform Data Sampling
   • DPerform Data anonymization

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   Answer: A

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10. Question 30 · 192 in bank

    Your team is running a forecasting project and wants to use previous user data to better predict future outcomes. However, your team doesn’t have access to all the data it needs. What’s the best course of action?

    • AMove ahead as planned and hope you get access to the data once you need it. Since you’re using an iterative approach you can always go back to steps as needed later on.
    • BCautiously move forward knowing you may need to pause mid-project which is ok.
    • CMove ahead as planned so you stay on time with your project.
    • DDo not move forward until you have access to all the data you need.

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    Answer: B

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CPMAI practice, question 21. 192 questions available.