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Use a combined cost index and the power - sizing cost estimating model to estimate the current cost of a piece of equipment that has

Use a combined cost index and the power-sizing cost estimating model to estimate the current cost of a piece of equipment that has
60%
more capacity than a similar piece of equipment that cost AED 300,000 five years ago. The appropriate power-sizing exponent for this type of equipment is
0.8
, and the ratio of the cost indexes (current to 5 years ago) is 1.24.(Note that this is more complex than the previous questions.) Q8. At a learning curve rate of
80%
, estimate the time in minutes required to assemble production unit number 100 given that the first production unit required
74.8
minutes to assemble.

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