The elapsed delay between a request or event and the corresponding response. A latency model must specify whether setup, waiting, transfer and processing overhead are included.
At constant transfer rate bytes per second, moving bytes takes seconds. The size and rate must use compatible units. This term alone does not include seek time, rotational latency or controller setup costs.
The expected value of a latency random variable. If a cache hit takes total time , a cache miss takes total time , and the cache hit rate is , conditioning gives . An overhead already included in either total should not be charged again.

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