Free GARP RAI Exam Questions

In an effort to understand why certain loan applications were denied, a bank deploys LIME (local interpretable model-agnostic explanations). What is the primary advantage of using LIME?

Which term best describes a dataset that includes a mix of organized, structured financial data and unstructured text data from customer reviews?

An admissions committee decides to incorporate a measure of resilience alongside grades in its AI-based selection criteria. Which challenge is the committee likely to face with this approach to individual fairnes

Which type of risk might an organization face if an AI algorithm breaches individual privacy or yields biased results?

A Board of Directors at a global tech firm is considering developing a data-collection AI that could enhance user experience but involves intrusive tracking. According to rule consequentialism, how should they decide?