09 Excel Exponential and Linear models Spring 2024

xlsx

School

Ivy Tech Community College, Indianapolis *

*We aren’t endorsed by this school

Course

123

Subject

Business

Date

Feb 20, 2024

Type

xlsx

Pages

Uploaded by PrivateFireGorilla44

Week Trained Workers Workers needed 0 25 15 1 50 22.5 2 75 33.75 3 100 50.625 4 125 75.9375 5 150 113.9063 6 175 170.8594 7 200 256.2891 0 0 50 100 150 200 250 300 Co Ov What equation would model the number of trained workers after the initial week? W=25+25t What equation would model the number of workers needed for operations after the initial week? W=15*1.5^t Analyze your findings from the graph. How do the values compare over the 8-week period? Is one of the values above/below the other, for which weeks, what does this mean in context? What does it mean for the plant if/when the datasets cross? What are some limitations to these models – in other words, how dependent should the manufacturer be on these numbers? Comparison Over 8-Week Period : The number of trained workers (represented by the blue line) starts at approximately 50 and increases steadily to reach just above 150 by week 8. The number of workers needed for operations (represented by the orange line) begins at around 100 and has a steeper increase, reaching nearly 300 by week 8. Values Above/Below : The number of trained workers is more than the number of workers needed for operations. However, as the weeks progress, the number of workers needed for operations surpasses the number of trained workers, indicating a potential shortage. Crossing of Datasets : The datasets representing the number of trained workers and the number of workers needed for operations do intersect or cross. This intersection point represents the week when the number of trained workers is exactly equal to the number of workers needed for operations. If the trends continue as they are, the number of workers needed for operations will exceed the number of trained workers. Limitations of Models : These models do not account for factors like worker turnover, variations in the rate of training, and potential changes in the expansion plan. Other factors affecting these numbers could include market conditions, supply chain disruptions, or changes in demand for the product. Overall, the manufacturer should not depend on these numbers.

1 2 3 4 5 6 7 8 omparison of Trained Workers and Operational Needs ver 8 Weeks Trained Workers Workers needed

Your preview ends here

Eager to read complete document? Join bartleby learn and gain access to the full version

Access to all documents
Unlimited textbook solutions
24/7 expert homework help

09 Excel Exponential and Linear models Spring 2024

Related Documents