Question
1. It cost a contractor $9,765 to manufacture their first unit. The company expects to experience an 82% unit learning curve. Estimate the cost of
1. It cost a contractor $9,765 to manufacture their first unit. The company expects to experience an 82% unit learning curve. Estimate the cost of the 7th unit. (Round intermediate calculations to 4 decimal places)
Possible answers: $ 7,615 $ 8,593 $ 6,821 $ 5,594
2. Given the following information, determine the equation for the unit formulation. (Round intermediate calculations to 4 decimal places)
Unit Number (X) | Unit Cost (Y) $ |
1 | 800.00 |
2 | 568.00 |
3 | 464.88 |
4 | 403.28 |
Possible answers: Y = (800)(X) -0.4941 Y = (800)(X) -0.1047 Y = (800)(X) 0.6931 Y = (800)(X) 0.9300
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