Lazer Technologies Incorporated (LTI) has produced a total of 20 high-power laser systems that could be used to destroy anyapproaching enemy missiles or aircraft. The 20 units have been produced, funded in part as private research within the research anddevelopment arm of LTI, but the bulk of the funding came from a contract with the U.S. Department of Defense (DoD).Testing of the laser units has shown that they are effective defense weapons, and through redesign to add portability and easier fieldmaintenance, the units could be truck-mounted.DoD has asked LTI to submit a bid for 100 units.The 20 units that LTI has built so far cost the following amounts and are listed in the order in which they were produced: Use Exhibit4A 5 and Exhibit 4A.6.UNITCOSTHUMBER (5 MILLIONS)10$12.010.06.06.55.06.05.03.64.1Learning rateUNITCOSTNUMBER (S MILLIONS)11121314151617.18%1920$3.93.53.02.82.72.7a. Based on past experience, what is the learning rate?Note: Do not round intermediate calculations. Round your answer to the nearest whole percent.2.33.02.92.6 b. What cost should LTI use in their bid for the total order of 100 additional units, assuming that learning continues?Cost for 100 more unitsc. What is the cost expected to be for the last unit under the learning rate you estimated?Expected cost for last unit

Unit no.Cost ($ Millions)Unit no.Cost ($…

Answered: Lazer Technologies Incorporated (LTI)…

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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Plastomer, Inc. specializes in the manufacture of high-grade plastic film used to wrap food products. Film is rejected and scrapped for a variety of reasons (e.g., opacity, high carbon content, incorrect thickness or gauge, scratches, and so on). During the past month, management collected data on the types of rejects and the amount of scrap generated by each type. The results are given in the following table. Compute percent of total amount for each type of failure to complete the table. (Enter your responses as percents rounded to one decimal place.) LOADING... Type of Failure Amount of Scrap (lbs.) Percent of Total Amount 1 Air bubbles 500 enter your response here% 2 Bubble breaks 25,500 enter your response here% 3 Carbon content 250 enter your response here% 4 Unevenness 3,680 enter your response here% 5 Thickness or…
part c
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