PRC-3 · Chapter 5 · Question 50 of 74
An insurance actuary uses a highly interactive software tool that models complex variables to simulate 'what-if' scenarios, helping determine the pricing for a new life insurance policy. What system is this?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Decision Support System (DSS)
Explanation
A DSS provides analytical models and interactive 'what-if' capabilities to assist professionals and managers in making complex, semi-structured decisions.
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