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Estimating LED Effficiency

How do you guess estimate the efficiency of a red LED by percentage? Where do figures like, "assuming 20% efficiency" come from?
 

(*steve*)

¡sǝpodᴉʇuɐ ǝɥʇ ɹɐǝɥd
Moderator
I think you'll find that the difference is the difference between engineering and sales.
 
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