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Bandwidth of the connection = bandwidth of the worst leg (which is usually between your house and the ISP).

Latency of the connection = sum of latency of every hop along the route.

So in practical terms your ISP directly controls your bandwidth, but latency is mostly out of their hands.




In practical terms, if you assume that the internet backbone at the ISP's peering node is not saturated, you can also assume that the latency from the peering node to your destination is constant.




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