Answer the question and give your reason 2 The following statement is true or false The key challenge in the Multi-Armed Bandit problem is the exploration vsexploitation dilemma The exploitation means

A) True. The exploration vs. exploitation dilemma is the main challenge in the Multi-Armed Bandit problem. The gambler needs to balance between exploiting the machines that have already shown a high potential reward and exploring new machines that may have a higher potential reward. This is essential to maximize the overall reward in the long run.