What is the significance of the "bias-variance trade-off" in machine learning?

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What is the significance of the "bias-variance trade-off" in machine learning?
A . It represents the trade-off between underfitting and overfitting.
B . It indicates the trade-off between accuracy and precision.
C . It refers to the trade-off between the number of features and the model’s complexity.
D . It is not relevant in machine learning.

Answer: A