This document discusses various performance metrics for computing systems, including response time, throughput, execution time, speedup, and improvement. It defines key terms like clock cycle time, instructions per cycle, and factors that influence performance like clock speed, number of instructions, and cycles per instruction. An example compares the performance of two systems, one with 4 billion MIPS instructions at 1.5 cycles per instruction on a 1 GHz processor, versus one with 2 billion x86 instructions at 6 cycles per instruction on a 1.5 GHz processor.