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In statistics, efficiency is a measure of quality of an estimator, of an experimental design, [1] or of a hypothesis testing procedure. [2] Essentially, a more efficient estimator needs fewer input data or observations than a less efficient one to achieve the Cramér–Rao bound.
The theoretical-maximum efficacy at that wavelength is 525 lm/w, so the lamp has a luminous efficiency of 38.1%. Because the lamp is monochromatic, the luminous efficiency nearly matches the wall-plug efficiency of < 40%. [7] [8] Calculations for luminous efficiency become more complex for lamps that produce white light or a mixture of spectral ...
High efficiency is particularly relevant in systems that can operate from batteries. Inefficiency may require weighing the cost either of the wasted energy, or of the required power supply, against the cost of attaining greater efficiency. Efficiency can usually be improved by choosing different components or by redesigning the system.
In microeconomics, economic efficiency, depending on the context, is usually one of the following two related concepts: [1] Allocative or Pareto efficiency : any changes made to assist one person would harm another.
[1] [2] Higher COPs equate to higher efficiency, lower energy (power) consumption and thus lower operating costs. The COP is used in thermodynamics . The COP usually exceeds 1, especially in heat pumps, because instead of just converting work to heat (which, if 100% efficient, would be a COP of 1), it pumps additional heat from a heat source to ...
The maximum efficiency (i.e., the Carnot heat engine efficiency) of a heat engine operating between hot and cold reservoirs, denoted as H and C respectively, is the ratio of the temperature difference between the reservoirs to the hot reservoir temperature, expressed in the equation
In computing, performance per watt is a measure of the energy efficiency of a particular computer architecture or computer hardware.Literally, it measures the rate of computation that can be delivered by a computer for every watt of power consumed.
Efficiency is the often measurable ability to avoid making mistakes or wasting materials, energy, efforts, money, and time while performing a task. In a more general sense, it is the ability to do things well, successfully, and without waste.