A manager is trying to estimate the appropriate learning curve ...

[jeatrice]

Question 1

It took 60 hours to make the first unit of a product. After the second and third units were made, the learning curve was estimated to be 80%. At $10 per hour, estimate the labour bill for the fourth unit. (Use at least three decimals in the exponent if you use the logarithmic approach.)
◦ from $1800 to $2000
◦ over $2000
◦ $400 or less
◦ from $400 to $420
◦ from $420 to $440

Question 2

A manager is trying to estimate the appropriate learning curve for a certain job. The manager notes that the first four units had a total time of 30 minutes. Which learning curve would yield approximately this result if the first unit took 9 minutes? (Use Table E.3 cumulative coefficient.)
◦ 0.80
◦ 0.85
◦ 0.75
◦ 0.90
◦ 0.70

[meganmoser117]

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[jeatrice]

Thanks for the timely response, appreciate it

[aliotak]

Gracias!