Professor Cook teaches operations management at StateUniversity. She is scheduled to give her class of 35 students a final exam on the last day of exam week, and she is leav-ing town the same day. She is concerned about her ability to finish grading her exams. She estimates that with every-thing else she has to do she has only five hours to grade the exams. From past experience she knows the first exam will take her about 12 minutes to grade. She estimates her learn-ing curve to be about 90%, and it will be fully realized after about 10 exams. Will she get the exams graded on time?
Professor Cook teaches operations management at StateUniversity. She is scheduled to give her class of 35 students a final exam on the last day of exam week, and she is leav-ing town the same day. She is concerned about her ability to finish grading her exams. She estimates that with every-thing else she has to do she has only five hours to grade the exams. From past experience she knows the first exam will take her about 12 minutes to grade. She estimates her learn-ing curve to be about 90%, and it will be fully realized after about 10 exams. Will she get the exams graded on time?
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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Professor Cook teaches operations management at State
University. She is
a final exam on the last day of exam week, and she is leav-
ing town the same day. She is concerned about her ability to
finish grading her exams. She estimates that with every-
thing else she has to do she has only five hours to grade the
exams. From past experience she knows the first exam will
take her about 12 minutes to grade. She estimates her learn-
ing curve to be about 90%, and it will be fully realized after
about 10 exams. Will she get the exams graded on time?
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