The cumulative average labor hours to assemble the first five units of product A was 15.901 hours. If the learning curve, based on the previous experience with similar products, is 85%, what is the estimated time (labor hours) that will be required to assemble the 15th unit?
The cumulative average labor hours to assemble the first five units of product A was 15.901 hours. If the learning curve, based on the previous experience with similar products, is 85%, what is the estimated time (labor hours) that will be required to assemble the 15th unit?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The cumulative average labor hours to assemble the first five units of product A was 15.901 hours. If the learning curve, based on the previous experience with similar products, is 85%, what is the estimated time (labor hours) that will be required to assemble the 15th unit?
The number of labor hours required to assemble the 15th unit is ? hours. (Round to one decimal place.)
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