Decision Scientist Interview Questions

500 decision scientist interview questions shared by candidates

They asked me about an insurance company and wanted to know about the premium needed to be charged to breakeven if the insurance company released claims worth $2,000 a person. Had only 1% of insurance company customers filed a claim, what would be that breakeven on the premium? Then she followed up with another fact that it costs $1 per person to do a mail campaign, while only 4% responded and 50% of that converted, what's the new breakeven? On top of that, she asked what I'd need charge in premium if I wanted a profit of $10000 IF we had a fixed cost of $120 person . I’d need to consider the number gotten from last sub-question , when answering this.
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Decision Scientist

Interviewed at PayPal

3.6
Aug 4, 2020

They asked me about an insurance company and wanted to know about the premium needed to be charged to breakeven if the insurance company released claims worth $2,000 a person. Had only 1% of insurance company customers filed a claim, what would be that breakeven on the premium? Then she followed up with another fact that it costs $1 per person to do a mail campaign, while only 4% responded and 50% of that converted, what's the new breakeven? On top of that, she asked what I'd need charge in premium if I wanted a profit of $10000 IF we had a fixed cost of $120 person . I’d need to consider the number gotten from last sub-question , when answering this.

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