as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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explain the difference between algorithmic complexity and algorithmic efficiency.
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algorithmic complexity refers to the amount of time an algorithm requires to complete a task, while algorithmic efficiency is a measure of the amount of work needed to complete a task. algorithmic complexity is measured by the number of operations required to finish a task, and algorithmic efficiency is measured by the time it takes for a task to be completed. for example, an algorithm that runs in linear time (o(n)) is more efficient than an algorithm that runs in quadratic time (o(n^2)) because it will take less time to finish a given computation.
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