Alpha Geek

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    Polytechnic State University Sanluis
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    Polytechnic State University
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Category > Business & Finance Posted 15 Jun 2017 My Price 8.00

A start-up firm has kept careful records of the time required to manufacture its product

A start-up firm has kept careful records of the time required to manufacture its product, a shutoff valve used in gasoline pipelines.

 

 

a. Compute the logarithms of the numbers in each column. (Use natural logs.)

b. Graph the ln(hours) against the ln(cumulative units) and eyeball a straight-line fit of the data. Using your approximate fit, estimate a and b.

c. Using the results of part (b), estimate the time required to produce the first unit and the appropriate percentage learning curve that fits these data.

d. Repeat parts (b) and (c), but use an exact least squares fit of the logarithms computed in part (a).

 

 

 

 

Answers

Alpha Geek
(8)
Status NEW Posted 15 Jun 2017 04:06 PM My Price 8.00

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