Regarding bias and variance, which of the following statements are true? (Here 'high' and 'low' are relative to the ideal model. (i) Models which overfit are more likely to have high bias (ii) Models which overfit are more likely to have low bias (iii) Models which overfit are more likely to have high variance (iv) Models which overfit are more likely to have low variance

A. (i) and (ii)

B. (ii) and (iii)

C. (iii) and (iv)

D. none of these

Answer: Option B