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Suppose there exists a new airline named Jetco that flies domestically across North America. Jetco recently had a study commissioned that tested the boarding time of every airline, and it came out that Jetco had the fastest average boarding times of any airline.

What factors could have biased this result, and what would you look into?

What could potentially bias the average boarding time in favor of an airline that only flies domestically?

What could potentially bias the average boarding time in favor of an airline that only flies domestically?

Boarding Times Bias

A new airline came out as the fastest average boarding times compared to other airlines.  What factors could have biased this result and what would you look into?

Statistics

Let’s say you work for a social media company that has just done a launch in a new city. Looking at weekly metrics, you see a slow decrease in the average number of comments per user from January to March in this city.

The company has been consistently growing new users in the city from January to March.

What are some reasons why the average number of comments per user would be decreasing and what metrics would you look into?

What metric could be used to measure if active users are still engaging on the platform despite an overall decrease in the average number of comments per user?

What metric could be used to measure if active users are still engaging on the platform despite an overall decrease in the average number of comments per user?

Decreasing Comments

How would you investigate a decline in the average number of comments per user?

Product Metrics

You are testing hundreds of hypotheses with many t-tests. What considerations should be made?

What is a key disadvantage of the F-test when compared to multiple t-tests?

What is a key disadvantage of the F-test when compared to multiple t-tests?

Hundreds of Hypotheses

You are testing hundreds of hypotheses with many t-tests. What considerations should be made?

<div><h2>Commercial Lines Product Manager</h2>The Commercial Lines Product Manager oversees the development and success of the Commercial Package and Umbrella products by defining, building and implementing vision and strategy, conducting market research, and collaborating with cross-functional teams. This role will report to the Vice President, Product Management. This position is physically based in our West Trenton, New Jersey corporate office.Essential functions of this job are listed below in order of priority. Reasonable accommodations may be made to enable individuals to perform the essential duties.<ol><li>Support the organization in driving responsible and profitable growth across the Commercial Package and Umbrella lines of business.</li><li>Execute the development and communication of the product vision, strategy, and roadmap.</li><li>Work effectively with cross-functional teams including, including Actuarial, Claims, Underwriting, Finance, Sales/Marketing, and Customer Service, to support state/product initiatives.</li><li>Lead and develop a team of Actuarial and Business Insights Analysts.</li><li>Assist in the annual planning process in collaboration with marketing, finance, and operations departments.</li><li>Promote cross-functional collaboration and involve stakeholders in the decision-making process.</li><li>Manage CAT exposures for assigned geographies within NJM's corporate CAT strategy.</li><li>Prepare and present rate changes and/or product recommendations, and business updates to the Executive Leadership Team (ELT) as needed.</li><li>Proactively identify and evaluate new products and service concepts in collaboration with internal departments.</li><li>Participate as a member of the business unit's leadership team, supporting the initiatives.</li></ol>Knowledge, skills & abilities, experience, education, certification and/or license requirements. Regular and predictable attendance is an essential function of the job.<ul><li>Bachelor's (Masters preferred) in Mathematics, Economics, Finance, Actuarial Science or related field of Study.</li><li>CPCU designation preferred, Actuarial experience a plus.</li><li>15+ years in the Personal Lines P&C insurance industry, including a minimum of 5 years of Commercial Package and Umbrella product management experience.</li><li>Workers' Compensation and/or Commercial Automobile product management experience is a plus.</li><li>Proven ability to assess market expansion opportunities across multiple states.</li><li>Expertise in gathering competitive intelligence, conducting analysis, and providing insights on risk management, rates, and product recommendations.</li><li>Strong analytical skills, both qualitative and quantitative.</li><li>Demonstrated ability to analyze growth and profitability opportunities.</li><li>Experience in leading, motivating, coaching, and developing staff.</li></ul>Compensation Information: The salary is commensurate with experience and credentials but is likely to fall in the $170,000 to $215,000 range.Salary is commensurate with experience and credentials.Pay Range: $0-$500,000,000Eligible full-time employees receive a competitive Total Rewards package, including but not limited to a 401(k) with employer match up to 8% and additional service-based contributions, Health, Dental, and Vision insurance, Life and Disability coverage, generous PTO, Paid Sick Leave, and paid parental leave in addition to state-mandated leave. Employees may also be eligible for discretionary bonuses.Legal Disclaimer: NJM is proud to be an equal opportunity employer. We are committed to attracting, retaining and promoting a diverse and inclusive workforce that is fully representative of the diversity that exists in the communities in which we do business.</div>

Question	Topic	Difficulty	Ask Chance
Boarding Times Bias	Statistics	Medium	Very High
Decreasing Comments	Product Metrics	Easy	Very High
Hundreds of Hypotheses	Statistics	Medium	Very High

Njm Insurance Group Interview Questions

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Njm Insurance Group Interview Questions

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