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Lazer Technologles Inc. (LTI) has produced a total of 20 high-power laser systems that could be used to destroy any approaching enemy missiles or alrcraft.
Lazer Technologles Inc. (LTI) has produced a total of 20 high-power laser systems that could be used to destroy any approaching enemy missiles or alrcraft. The 20 unlts have been produced, funded In part as prlvate research within the research and development arm of LTI, but the bulk of the funding came from a contract with the U.S. Department of Defense (DoD). Testing of the laser units has shown that they are effectlve defense weapons, and If redesigned to add portability and easler field malntenance, the units could be truck-mounted. The DoD has asked LTI to submlt a bld for 100 more unlts. The 20 unlts that LTI has bull so far cost the following amounts and are listed in the order In which they were produced: Use Exhiblt 6.4 and Exhibit 6.5 . a. Based on past experlence, what is the learning rate? (Do not round Intermedlate calculations. Round your answer to the nearest whole percent.) b. What bid should LTI submit for the new order of 100 units, assuming that learning continues? (Enter you answer In dollars, not millions of dollars. Note that the table above is In millions of dollars). c. What Is the cost expected to be for the last unlt under the learning rate you estlmated? (Enter you answer In dollars, not milllons of dollars. Note that the table above is in millions of dollars)
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