IAPP AIGP Online Practice Questions and Exam Preparation

IAPP AIGP Online Questions & Answers

• Question 91:

  The best practice to manage third-party risk associated with AI systems is to create and implement policies that?

  A. Focus on the financial stability of third-party vendors as the primary criterion for risk assessment.
  B. Provide for an appropriate level of due diligence and ongoing monitoring based on the defined risk.
  C. Require third-party AI systems to undergo a comprehensive audit by an external cybersecurity firm every six months.
  D. Focus on the technical aspects of AI systems, such as data security, while ethical risks are addressed through suitable contracts.
  B. Provide for an appropriate level of due diligence and ongoing monitoring based on the defined risk.

• Question 92:

  The processes and methods that allow human users to understand and trust the outputs produced by AI are important in addressing which key regulatory concern?

  A. Interpretable AI
  B. Trustworthy AI
  C. Explainable AI
  D. Responsible AI
  C. Explainable AI

• Question 93:

  CASE STUDY

  Please use the following answer the next question:

  A local police department in the United States procured an Al system to monitor and analyze social media feeds, online marketplaces and other sources of public information to detect evidence of illegal activities (e.g., sale of drugs or stolen

  goods). The Al system works by surveilling the public sites in order to identify individuals that are likely to have committed a crime. It cross-references the individuals against data maintained by law enforcement and then assigns a percentage

  score of the likelihood of criminal activity based on certain factors like previous criminal history, location, time, race and gender.

  The police department retained a third-party consultant assist in the procurement process, specifically to evaluate two finalists. Each of the vendors provided information about their system's accuracy rates, the diversity of their training data

  and how their system works. The consultant determined that the first vendor's system has a higher accuracy rate and based on this information, recommended this vendor to the police department.

  The police department chose the first vendor and implemented its Al system. As part of the implementation, the department and consultant created a usage policy for the system, which includes training police officers on how the system works

  and how to incorporate it into their investigation process.

  The police department has now been using the Al system for a year. An internal review has found that every time the system scored a likelihood of criminal activity at or above 90%, the police investigation subsequently confirmed that the

  individual had, in fact, committed a crime. Based on these results, the police department wants to forego investigations for cases where the Al system gives a score of at least 90% and proceed directly with an arrest.

  During the procurement process, what is the most likely reason that the third-party consultant asked each vendor for information about the diversity of their datasets?

  A. To comply with applicable law.
  B. To assist the fairness of the Al system.
  C. To evaluate the reliability of the Al system.
  D. To determine the explainability of the Al system.
  B. To assist the fairness of the Al system.

• Question 94:

  Testing data is defined as a subset of data that is used to?

  A. Assess a model's on-going performance in production.
  B. Enable a model to discover and learn patterns.
  C. Provide a robust evaluation of a final model.
  D. Evaluate a model's handling of randomized edge cases.
  C. Provide a robust evaluation of a final model.

• Question 95:

  CASE STUDY

  Please use the following answer the next question:

  ABC Corp, is a leading insurance provider offering a range of coverage options to individuals. ABC has decided to utilize artificial intelligence to streamline and improve its customer acquisition and underwriting process, including the accuracy

  and efficiency of pricing policies.

  ABC has engaged a cloud provider to utilize and fine-tune its pre-trained, general purpose large language model ("LLM"). In particular, ABC intends to use its historical customer data--including applications, policies, and claims--and

  proprietary pricing and risk strategies to provide an initialqualification assessment of potential customers, which would then be routed a human underwriter for final review.

  ABC and the cloud provider have completed training and testing the LLM, performed a readiness assessment, and made the decision to deploy the LLM into production. ABC has designated an internal compliance team to monitor the model during the first month, specifically to evaluate the accuracy, fairness, and reliability of its output. After the first month in production, ABC realizes that the LLM declines a higher percentage of women's loan applications due primarily to women historically receiving lower salaries than men.

  What is the best strategy to mitigate the bias uncovered in the loan applications?

  A. Retrain the model with data that reflects demographic parity.
  B. Procure a third-party statistical bias assessment tool.
  C. Document all instances of bias in the data set.
  D. Delete all gender-based data in the data set.
  A. Retrain the model with data that reflects demographic parity.

• Question 96:

  Scenario:

  An organization is planning to deploy a new internal application that uses AI to make automated decisions about individuals. This application will process personal information and may affect individuals' access to certain benefits or

  opportunities.

  Which of the following documents must be updated to ensure transparency?

  A. The organization's website privacy notice
  B. The organization's acceptable use policy
  C. The organization's privacy policy
  D. The user privacy notice
  D. The user privacy notice

• Question 97:

  A company plans on procuring a tool from an Al provider for its employees to use for certain business purposes.

  Which contractual provision would best protect the company's intellectual property in the tool, including training and testing data?

  A. The provider willgive privacy notice to individuals before using their personal data to train or test the tool.
  B. The provider willdefend and indemnify the company against infringement claims.
  C. The provider willobtain and maintain insurance to cover potential claims.
  D. The provider willwarrant that the tool will work as intended.
  B. The provider willdefend and indemnify the company against infringement claims.

• Question 98:

  Scenario:

  A global organization wants to align with international frameworks on AI governance. They are reviewing guidance from the OECD on how to incorporate broader governance tools into their AI program.

  Codes of conductandcollective agreementsare what type of assessment tools as defined by theOrganization for Economic Cooperation and Development (OECD)?

  A. Educational
  B. Procedural
  C. Technical
  D. Analytic
  B. Procedural

• Question 99:

  During the first month when the company monitors the model for bias, it is most important to?

  A. Continue disparity testing.
  B. Provide regular awareness training.
  C. Analyze the quality of the training and testing data.
  D. Document the results of final decisions made by the human underwriter.
  A. Continue disparity testing.

• Question 100:

  A company is working to develop a self-driving car that can independently decide the appropriate route to take the driver after the driver provides an address.

  If they want to make this self-driving car "strong" Al, as opposed to "weak," the engineers would also need to ensure?

  A. Thatthe Al has full human cognitive abilities that can independently decide where to take the driver.
  B. That they have obtained appropriate intellectual property (IP) licenses to use data for training the Al.
  C. That the Al has strong cybersecurity to prevent malicious actors from taking control of the car.
  D. That the Al can differentiate among ethnic backgrounds of pedestrians.
  A. Thatthe Al has full human cognitive abilities that can independently decide where to take the driver.