A banking system, that predicts whether a loan will be repaid or not, is an example of what type of machine learning? Select the correct option.
The correct answer is classification.
Predicting whether a loan will be repaid or not is a classification problem because it involves categorizing the outcome into discrete classes, such as "repaid" or "not repaid."
Predicting whether a loan will be repaid or not is a classification problem because it involves categorizing the outcome into discrete classes, such as "repaid" or "not repaid."
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