Concept explainers
(a)
To determine:
The logarithm of each number in the given data.
Introduction:
The logarithm is an inverse exponential function which means the logarithm of a number A is the exponent to the another fixed number, the base b must be raised enough, to generate that number A.
(b)
To determine: Plot the value ofln (hrs.) against the ln (hrs.) on the graph in such a way that all the values will come in a straight line.
Introduction:
The logarithm is an inverse exponential function which means the logarithm of a number A is the exponent to the another fixed number, the base b must be raised enough, to generate that number A.
(c)
To determine:
After analyzing the part b, evaluate the time required to generate the first unit and the appropriate percentage learning curve that fits to the data of part b.
Introduction:
(d)
To determine:
Based on the part b and c, evaluate exact least square fit of the algorithm determined in part a.
Introduction:
To fit the regression line using the excel sheet that exact intercept and slope are.
Intercept = 3.23
Slope= -0.54
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Production and Operations Analysis, Seventh Edition
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