CAP Quality Assurance & Compliance 4

Question 1

An analytics model used for credit decisions must comply with fair lending laws. Which testing approach directly addresses this compliance need?

Accepted Answer

Disparate impact analysis across protected classes

Answer

Disparate impact analysis tests whether model outcomes disproportionately disadvantage protected groups, a core fair lending requirement.

Question 2

What is the main purpose of establishing acceptance criteria with stakeholders before building an analytics solution?

Accepted Answer

To define measurable standards the solution must meet to be considered successful

Answer

Pre-agreed acceptance criteria provide objective, measurable standards for judging whether the deliverable meets requirements.

Question 3

A model card or fact sheet accompanying a deployed model typically serves what quality assurance function?

Accepted Answer

Communicating intended use, performance, and limitations to downstream users

Answer

Model cards document intended use cases, performance characteristics, and known limitations so users apply the model appropriately.

Question 4

An analyst discovers a coding error that materially changed results already delivered to a client. According to professional conduct standards, the analyst should:

Accepted Answer

Promptly disclose the error and provide corrected results

Answer

Professional integrity requires prompt disclosure and correction of material errors affecting delivered work.

Question 5

Which control best mitigates the risk of unauthorized changes to a production analytics model?

Accepted Answer

Change management with approvals and separation of development and production environments

Answer

Formal change management and environment separation ensure only reviewed, approved changes reach production.

(CAP) Certified Analytics Professional Practice Test

(CAP) Certified Analytics Professional Practice Test

CAP Quality Assurance & Compliance 4