A CBS News/New York Times opinion poll asked 1,190 adults whether they would prefer balancing the Federal budget over cutting taxes and 59% of those asked said "Yes." Suppose that in fact 62% of all adults favor balancing the budget over cutting taxes. If you take a large number of SRSs of size 1,190, the sample proportions who favor balancing the budget will vary. Some will be lower than 62% and some will be higher, but the average sample result will be very close to 62%. This fact is called

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Dayana

Business

1 October, 18:52

A CBS News/New York Times opinion poll asked 1,190 adults whether they would prefer balancing the Federal budget over cutting taxes and 59% of those asked said "Yes." Suppose that in fact 62% of all adults favor balancing the budget over cutting taxes. If you take a large number of SRSs of size 1,190, the sample proportions who favor balancing the budget will vary. Some will be lower than 62% and some will be higher, but the average sample result will be very close to 62%. This fact is called

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Brenton Hobbs · Answer 1

Low Bias

Explanation:

Bias:

Bias is the difference between the average prediction of our model and the correct value which we are trying to predict

Low bias is when average sample result is close to the prediction having low variance.