What is load factor?
An example of an AI chatbot conversation about load factor in engineering and finance.
What is load factor?
Load factor is a measure of the efficiency of a system, often used in engineering and finance.
How is load factor calculated?
It's calculated by dividing the actual load by the maximum possible load over a specific period.
Why is load factor important?
It helps in assessing the performance and reliability of systems, optimizing resource use.
Can you give an example of load factor in electricity?
Sure! In electricity, it's the ratio of the average load over a period to the peak load during that time.
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