Given the Following Classification Confusion Matrix, What Is the Overall

question 14

Short Answer

Given the following classification confusion matrix, what is the overall error rate? $$\begin{array} { | l | c | c | } \hline { \text { Classification Confusion Matrix } } \\\hline & { \text { Predicted Class } } \\\hline \text { Actual Class } & 1 & 0 \\\hline 1 & 224 & 85 \\\hline 0 & 28 & 3,258 \\\hline\end{array}$$ ​
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Definitions:

Exchange Rate

The rate at which one currency can be exchanged for another, typically used in international trading and travel.

Income Statement

A financial report that shows a company's revenues, expenses, and net income or loss over a specific period.

Functional Currency

The currency of the primary economic environment in which an entity operates, typically used to record its financial transactions.

Consolidated Balance Sheet

A financial statement that aggregates the assets, liabilities, and equity of a parent company and its subsidiaries.