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Refer to the table below. Assume that the company involved now finds that the learning rate is 94 percent. The 94 percent learning rate coefficient
Refer to the table below. Assume that the company involved now finds that the learning rate is 94 percent. The 94 percent learning rate coefficient is -0.089267; that is b = -0.089267 in the formula Y = aXb.
Required:
Using the formula, Y = aXb, compute the labor time and costs for 5, 6, and 7 units. (Round your intermediate calculations (except for coefficient) and final answers to 2 decimal places.)
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