KIf Professor Laurie Macdonald takes 12 minutes to grade the first exam and follows an 80% learning curve then, usingtable Table E.3, the amount of time she requires to grade:a) the 25th examminutes(round your response to two decimal places).Learning Curve CoefficientsUnit Number (N)1025UnitTime.385.26375%TotalTime5.58910.191UnitTime.477.35580%TotalTime6.31512.309UnitTime.583.47085%TotalTime7.11614.801X

Learning rate = 80% Time to grade first exam = 12 minutes

Answered: a) the 25th exam minutes

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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