Not often.
Rather than analyzing an accuracy rate in a vacuum, ensure that you also analyze:
- The complexity of the problem
- The amount of data
- The consequences of the accuracy determination
If you’re comparing 20 contestants at a small beauty pageant where the winner gets a McDonald’s gift card, a 95% accuracy rate may be acceptable.
But if you’re using the 1 billion+ Aadhaar database to confirm an identity and access the money in your bank account, 95% accuracy will be a national scandal.
Bredemarket 