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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). The concept typically applies to banks.
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 is often measured as the ratio of useful output to total input, which can be expressed with the mathematical formula r=P/C, where P is the amount of useful output ("product") produced per the amount C ("cost") of resources consumed.
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. The COP is used in thermodynamics .
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.
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Efficiency of power plants, world total, 2008. 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 ...
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.