What do we mean when we talk about bias-variance trade-off

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Reference no: EM131944401

Problem

1. What do we mean when we talk about the bias-variance trade-off?

2. A test has a true positive rate of 100% and false positive rate of 5%. In this population 1 out of 1000 people have the condition the test identifies. Given a positive test, what is the probability this person actually has the condition?

Reference no: EM131944401

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