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What are PCTFREE and PCTUSED parameters?

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What are PCTFREE and PCTUSED parameters?

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PCTFREE:- PCTFREE controls how much of the space in a block is reserved for statements that update existing rows in the object. PCTUSED:- PCTUSED is a percentage of used space in a block that triggers the database to return to the table’s free space list.

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