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Bias in sampling occurs when certain members of the population are either overrepresented or underrepresented, leading to results that do not accurately reflect the true population characteristics. This can cause false conclusions that do not generalize to the larger population. One of the most effective ways to minimize bias is to use random sampling, where every member of the population has an equal chance of being selected. Random sampling helps to avoid the selective inclusion of certain types of individuals, thereby ensuring that the sample is representative and reducing the potential for systematic errors in the analysis. The other options are incorrect because: • Option 2 (Data redundancy) is not a direct consequence of bias in sampling. Bias impacts representation, not redundancy. • Option 3 (Accuracy) is incorrect; bias typically reduces the accuracy of results, not increases it. • Option 4 (Overfitting) and Option 5 (Underfitting) refer to issues in model development, not directly to sampling bias.
As per the KYC related guidelines given by RBI, which of the following is required for conducting V-CIP (Video-Based Customer Identification Process)?
Which of the following risks are associated with Banking Sector?
A Debenture of face value of Rs.500 is currently quoting at Rs.530. The duration of the debenture is 3 years. The market interest rates moved from 4.5%...
Which of the following Statements is/are True?
I- AT-1 bonds are a type of unsecured, perpetual bonds.
II- The return on AT-1 bonds is u...
_______ is the entit y that was formed to identify and check fraudulent activity in lending transactions against equitable mortgages .
What will be the impact on the portfolio’s systematic risk with the increase in the number of stocks in a portfolio?
The price of a forward or futures contract:
Which of the following best describes the primary role of the Central KYC Records Registry (CKYCR)?
Which of the following is identified as “ beneficial owner” for a company , u nder the RBI’s KYC guidelines ?
Which of the following statement concerning credit risk is incorrect?