Richard Dulski's firm is about to bid on a new radar system. Although the product uses new technology, Dulskibelieves that a learning rate of 75% is appropriate. The first unit is expected to take 700 hours, and the contract is for40 units.a) The total amount of hours to build the 40 units = 9606 hours (round your response to the nearest whole number).b) The average time to build each of the 40 units = 240.15 hours (round your response to two decimal places).c) If a worker works 2,080 hours per year, the number of workers required to complete this contract in a year =workers (round your response to two decimal places).

Given,Learning Rate = 75%T1 = 700n = 40

Answered: Richard Dulski's firm is about to bid…

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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