You are developing an AI system for loan approval and notice that the model is consistently giving lower approval rates for applicants from a particular demographic. How would you address this issue while adhering to ethical guidelines?

  • Retrain the model on a more diverse dataset.
  • Ignore the bias as it might be a statistical anomaly.
  • Remove demographic data from the model's features.
  • Continue with the existing model as is.
To address bias in AI models, it's essential to retrain the model on a more diverse dataset that includes sufficient representation from underrepresented demographics. This helps reduce bias and ensures fairness in decision-making.
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