An AI system is used by one bank to decide whether or not to approve a consumer for a loan. Age, employment position, and the presence of active loans are just a few of the characteristics the AI considers before making a determination.
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Because they already have student debts, very few loans have been granted to recent college graduates as a result. What stage of the data processing cycle does the bias present in?
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A
Bias exists at the data analysis stage
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B
Bias exists at the data preparation stage
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C
Bias exists at the data collection stage
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D
Bias exists at the data reporting stage