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1. Assume that you wish to build a system which will assist a bank to determine the relative risks of different customers for not repaying

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1. Assume that you wish to build a system which will assist a bank to determine the relative risks of different customers for not repaying their home mortgages. The bank is collecting information on its current and past customers as well as the customers of other banks. You are required to ensure that your system's decisions are not subject to unwanted biases but is also accurate. a. Indicate what information you would like to collect to train this system and how you would arrange this data before training the system. Please justify your selection of information. (3 pts) b. Indicate what readily available information you would not use to train your system and indicate why you are rejecting this information. (3 pts) Comment on how you would prevent systematic biases from being inadvertently trained into your system. (2 pts) C. 1. Assume that you wish to build a system which will assist a bank to determine the relative risks of different customers for not repaying their home mortgages. The bank is collecting information on its current and past customers as well as the customers of other banks. You are required to ensure that your system's decisions are not subject to unwanted biases but is also accurate. a. Indicate what information you would like to collect to train this system and how you would arrange this data before training the system. Please justify your selection of information. (3 pts) b. Indicate what readily available information you would not use to train your system and indicate why you are rejecting this information. (3 pts) Comment on how you would prevent systematic biases from being inadvertently trained into your system. (2 pts) C

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