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The degree to which equipment, space, or the workforce is currently being used is Utilization.
The required details about ratio of average is mentioned below.
A weighted average is calculated by multiplying the ratios to be averaged by their respective weights, or the ratio's denominator. The products are then added together, and the total is then divided by the sum of the weights.
Capacity The degree to which a resource, such as equipment, space, or labor, is now being used is referred to as utilization. Utilization is expressed as a percentage and is calculated as the ratio of average output rate to maximum capacity. usage (countable and uncountable, singular usages) (British spelling) The act of putting something to use. quotations The way that something is used.
The state of being employed. Utilization is defined as the percentage of an employee's available time that is utilised for productive, billable work. The utilization rate of an employee is an important indicator for firms to monitor. The utilization rate is calculated by dividing the number of billable hours worked by the number of hours worked in a day. the percentage of your available resources that you are now utilizing
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