A contractor is preparing a bid to install swimming pools at a new housing addition. The estimated time to build the first pool is 35 hours. The contractor estimates an 85 percent learning rate. Without using the computer: a. How long do you estimate the time required to install the second pool? b. How long do you estimate the time required to install the fourth pool?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 21P
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A contractor is preparing a bid to install swimming pools at a new housing addition. The estimated time to build the first pool is 35 hours. The contractor estimates an 85 percent learning rate. Without using the computer:
a. How long do you estimate the time required to install the second pool?
b. How long do you estimate the time required to install the fourth pool?

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