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What are the various steps involved in any analytics project? The following are the many steps involved in any typical analytics project: a) Understanding the Problem- Recognize the issue facing the company, specify its objectives, and make plans for a successful resolution. b) Gathering data- Depending on your priorities, get the pertinent information from a …

If you have a 5-liter jug and a 3-litre jug, how would you measure exactly 4 litres? Step 1: Fill 5 litre of water in Jug 1 Step 2: Transfer the water from 5 liters Jug 1 to 3 litres Jug 2. 2 litres remaining in Jug 1. Step 3: Empty Jug 2. Step 4: …

What do the shareholders get? 1) Increase in share price Investors anticipate that the company’s stock price will increase, enabling them to sell their shares for a profit. The FTSE 100 index of top UK shares has generated an average yearly price return of 6% over the past 35 years, according to trading platform IG. …

Tell me about yourself. Good morning, sir or ma’am. I want to start by saying thank you for providing me this chance to introduce myself. I am xxxx, born in Delhi. I completed my schooling from xxxx and am currently pursuing my bachelors’ in xxxx. In terms of my family, I come from a middle-class …

Does health insurance policy cover pre-existing illness? A pre-existing condition is one for which the policyholder is already receiving treatment when they get health insurance. There may be a waiting period before you begin to receive coverage for a pre-existing condition, even though your health insurance company may provide you coverage for it. The waiting …

Pensions Elaborate on retirement plans. Retirement plans help to build a corpus for retirement. They help to live independently financially and without worries. Most of the retirement plans provide annual installments or one time payout after the age of 60 years or on /after retirement. In case of an unfortunate event like if the life …

Interest Rates Reddington’s condition? There are three conditions: The value of the assets at the given rate of interest is equal to the value of the liabilities. The volatilities of the asset and liability cash flow series are equal The convexity of the asset cash flow series is greater than the convexity of the liability …

Types What do you understand about General Insurance? Insurance contracts that do not come under the ambit of life insurance are called general insurance. The different forms of general insurance are fire, marine, motor, accident and other miscellaneous non-life insurance. A General Insurance policy cover reimburses the insured for a financial loss caused due to …

Life Tables AM92 or PFA tables, which one has higher values? PFA tables have higher values. What is the select mortality table? A select mortality table is a type of mortality table that displays statistics about the mortality rate for people who have recently purchased life insurance policies. Life insurance companies use these tables to …