Question
1. Assume that the first installation takes 800 hours, and the team of professionals is paid an average of $50 per hour.Complete the following table
1. Assume that the first installation takes 800 hours, and the team of professionals is paid an average of $50 per hour.Complete the following table for Medcom Company (round answers to one decimal place):
Cumulative Number of Systems | Cumulative Average Time per System (in Hours) | Cumulative Total Labor Hours |
1 | 800 | 800 |
2 | 640 | 1280 |
4 | 512 | 2048 |
8 | 409.6 | 3276.8 |
16 | 327.7 | 5243.2 |
32 | 262.2 | 8390.4 |
2. Using the data table above, calculate the total labor cost of Medcom installing four systems:
Total Labor cost (round to the nearest dollar): $fill in the blank
3. Using the data table above, calculate the following for Medcom to produce a third system:
a. Cumulative average time to produce the third system (round to the nearest tenth): fill in the blank hours
b. Total time required to produce three systems (round to the nearest tenth): fill in the blank hours
c. Time to produce the third system (round to the nearest tenth): fill in the blank hours
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