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lity in errors.

lity in errors.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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**Question:** Bias shows the variability in errors. - ○ True - ○ False **Explanation:** This is a question prompt designed to test the understanding of the concept of bias in statistical or machine learning contexts. Bias is typically understood as the error introduced by approximating a real-world problem, which may be complex, by a simpler model. It does not directly refer to the variability in errors, which is instead characterized by variance. This question helps distinguish between bias and variance concepts.
Transcribed Image Text:**Question:** Bias shows the variability in errors. - ○ True - ○ False **Explanation:** This is a question prompt designed to test the understanding of the concept of bias in statistical or machine learning contexts. Bias is typically understood as the error introduced by approximating a real-world problem, which may be complex, by a simpler model. It does not directly refer to the variability in errors, which is instead characterized by variance. This question helps distinguish between bias and variance concepts.
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