P CAIC 2 Chap. 21-25 Flashcards
(17 cards)
What does variance measure?
Variance measures the variability of the numbers or observations from the average or the mean of that same set of numbers or observations.
What is standard deviation?
Standard deviation is simply the square root of the variance.
What does a low standard deviation indicate?
A low standard deviation means data is clustered around the mean.
What does a high standard deviation indicate?
A high standard deviation indicates data is more spread out.
What is a confidence interval?
A confidence interval is the range of values you expect your estimate to fall between for a certain percentage of the time if you rerun your experiment or re-sample the population similarly.
What prediction did Nate Silver make in the 2012 presidential election?
Nate Silver correctly predicted Barack Obama’s victory and the outcome of the presidential contest in all 50 states.
What was the predicted probability of Republicans gaining control of the Senate in 2022?
Nate Silver predicted a 58.5% probability that the Republicans would gain control of the US Senate by taking 51 or more seats.
What is the significance of false positives and false negatives in AI models?
False positives and false negatives are critical obstacles faced by AI models, contributing to confirmation bias.
What does the Value Engineering Framework do?
The Value Engineering Framework deconstructs an organization’s strategic business initiative into its supporting components and data and AI analytics requirements.
What are the three high-level steps of the Value Engineering Framework?
- Understand how your organization creates value. 2. Drive collaboration across stakeholders to identify specific use cases. 3. Define how the organization measures value creation effectiveness.
What is the Value Definition Design Canvas?
The Value Definition Design Canvas is a living document that captures information about a business initiative, including KPIs, desired outcomes, potential benefits, and obstacles.
What are analytic profiles?
Analytic profiles are key-value stores that facilitate the capture, sharing, reuse, and continuous refinement of individual entities’ analytic scores.
What is cloud computing?
Cloud computing allows for the delivery of computing services over the internet, enabling flexible resources and economies of scale.
What is the significance of AWS in cloud computing?
AWS is the undisputed market leader in cloud computing, with a strong position that is unlikely to change in the near future.
What is the JEDI contract?
The JEDI contract is a $10 billion 10-year cloud computing contract awarded by the Pentagon, which makes switching vendors difficult.
What is a hypervisor?
A hypervisor creates a logical separation between virtual machines (VMs) and provides each with a slice of available resources, ensuring they do not interfere with each other.
How does cloud computing support high-availability applications?
Cloud computing allows for high-availability applications without paying for additional infrastructure by starting additional resources only when necessary.
