Posted: June 1st, 2015

business statistics

HW7

1. Given the following historical production cost data, generate a unit theory learning curve equation. What is the slope of the learning curve? What is the theoretical first unit cost (T1)? Given the resulting learning curve from (1), calculate the total cost of units 51 – 100.

2. Recall that costs are often reported by lot, rather than by individual units. Given the following lot cost data, calculate a unit theory learning curve equation. What is the slope? What is the theoretical first unit cost (T1)? Given the result from (2), calculate the total cost of units 51 – 250.

4. Using the same lot cost data shown in (3), calculate a cumulative average theory learning curve equation. What is the slope of the learning curve? What is the theoretical first unit cost (T1)? Using your result from (4), calculate the total cost of units 51 – 250.