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ACCA F5 Exam Question 2 June 2011 Pricing and Learning Curves
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June 2013 Q3 Learning curve
Y = axb
45 x 100–0·152 = 22·346654 minutes
Total time for 100 units = 2,234·6654 minutes.
Can you please help me how to calculate the answer of 22.346654?
It really depends on what calculator you have – different calculators do it different ways.
I guess you have watched my lecture on learning curves, because there I write down which calculator keys I press.
However, in case you missed it, this is what I do on my calculator!
100 x^y 0.152 +/- = (at that stage the calculator is showing 0.49659)
I then multiply by 45 and get 22.346654
Thanks John.
May I know the exam time is three hours, whether include o exclude planning time which is 15 mins. Kindly advice. Thank you!
The exam instructions from the ACCA make this clear. You have 15 minutes reading time, and then 3 hours writing time.
Thks!
Mr Moffat missed a zero when using b. Well we won’t hold that against him as his brilliant explanations have more than compensated for this, but the examiner will perhaps deduct 0.5 marks from us so be careful in the exams.
No – the answer is correct 🙂
(and remember – you will no longer be asked calculations on regressions. You are only expected to have heard of it 🙂 )
Sir, I would like to get Some help with the next question of june Q3, As Some information i am finding quite difficult, Please Advise. Thank you
If you post on the Ask the Tutor forum what your problem is, then I will try and help.
Amazing!!!
Thank you for a really good lecture ^_^
Thank you for the comment 🙂
excellent lecture
Thank you for this lecture Mr Moffat really appreciate all the help you’ve given us with these lectures.