I would like to know, how to calculate sustained read and write speeds supported. I don't have access to machine/drive, but need to define specs to purchase one.
What all things would it be dependent on?
Using RAID 10, would improve it?
Would it be dependent on file size, which we read or write?
How to calculate latency of fetching a file segment? Seek time etc..
I need to use it with a web server, for storing and delivering large no. of small files. There will be continuous writes and reads 24x7 of small files. Any recommendations for which RAID to use, or no RAID should be used, based on writes or reads?
A call to Dell should give you all of the information that you need. There are white papers and tech specs on all of this available if you call your rep.
Raid 10 is pretty much universally used where performance matters, but you should always test multiple scenarios. You could always be an edge case.
Each 7.2k RPM drive can perform between 80-150 IO/s, assuming the workload is random small reads and writes. Writes will usually be cached by the raid controller, so will go as fast as the memory does until it's full. Raid 10 has a minimum of 4 drives, so your reads will be between 320 and 600 IO/s with the minimum number of drives.
If you choose raid 5, you will have more usable space, but your IO/s per drive on average might go down, depending on the raid controller you have and what percent of your workload is writes.
IO/s is a measure of performance that depends heavily on seek time, and an average seek time of about 6 ms is average for 7.2k RPM drives. You can get better by upgrading to 10 or 15k RPM, but you could also increase your effective read "speed" by increasing the number of 7.2k drives you stripe your data across.
Recommendations:
MarkM already said the important thing here. All I can add to that is that you need to keep in mind the fact that NL-SAS is really a simple SATA drive with a SAS interface, and if you want better performance, you need to look at real SAS drives. In any case, Dell is the first and foremost address for information about their equipment, nobody can know it better than them