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The video tutorial explains how to calculate Service Level Agreements (SLA) for turn on time and quality. The expected SLA for turn on time is 99.50%; any performance above this is considered met, while below is missed. For quality, the expected SLA is 99%. The formula for turn on time is: (transactions managed within a selected period ÷ transactions managed during the period) × 100. The calculated turn on time percentage is 99.20%, which is below the expected SLA, marking it as red. For quality, the formula is: (transactions managed without quality errors ÷ transactions managed during the period) × 100. The quality percentage calculated is 99.10%, which meets expectations, marked as green.