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Efficiency ratio. The efficiency ratio indicates the expenses as a percentage of revenue (expenses / revenue), with a few variations – it is essentially how much a corporation or individual spends to make a dollar; entities are supposed to attempt minimizing efficiency ratios (reducing expenses and increasing earnings).
Efficiency (statistics) 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. An efficient estimator is characterized ...
Efficiency. 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. In more mathematical or scientific terms, it signifies the level of performance that uses ...
Energy conversion efficiency (η) is the ratio between the useful output of an energy conversion machine and the input, in energy terms. The input, as well as the useful output may be chemical, electric power, mechanical work, light (radiation), or heat. The resulting value, η (eta), ranges between 0 and 1. [1][2][3]
The energy efficiency ratio (EER) of a particular cooling device is the ratio of output cooling energy (in BTUs) to input electrical energy (in watt-hours) at a given operating point. EER is generally calculated using a 95 °F (35 °C) outside temperature and an inside (actually return-air) temperature of 80 °F (27 °C) and 50% relative humidity.
Mechanical efficiency. In mechanical engineering, mechanical efficiency is a dimensionless ratio that measures the efficiency of a mechanism or machine in transforming the power input to the device to power output. A machine is a mechanical linkage in which force is applied at one point, and the force does work moving a load at another point.
Coefficient of performance. The coefficient of performance or COP (sometimes CP or CoP) of a heat pump, refrigerator or air conditioning system is a ratio of useful heating or cooling provided to work (energy) required. [1][2] Higher COPs equate to higher efficiency, lower energy (power) consumption and thus lower operating costs.
Player efficiency rating. The player efficiency rating (PER) is John Hollinger 's all-in-one basketball rating, which attempts to collect or boil down all of a player's contributions into one number. Using a detailed formula, Hollinger developed a system that rates every player's statistical performance. [1]