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How do I read the load information

How do I read the load information

2003-05-02       - By Steve Ellis

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Reply:     1     2     3     4  

Hi all

This has been confusing me for some years now and every explanation I
have had confuses me more. Here is hoping not to get confused
anymore..;-)

load average: 0.13, 0.03, 0.01

Is the above good, bad, and why?

I have seen it where the first figure is at 0.74, should I worry?

TIA

Steve