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how to calculate LR %???

This topic has 1 reply, 2 voices, and was last updated 10 years ago by John Moffat.

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November 30, 2014 at 8:28 am #214623
Thasneem
Member
- Topics: 8
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Q – a company wants to measure the learning rate that it has achieved with 1 new product.the first item produced took 6 hours to make and the average time taken for the first 16 units was 3.3 hours
What has been the learing rate for this product to nearst 1%???
Plz do answer dis…
November 30, 2014 at 9:02 am #214644
John Moffat
Keymaster
- Topics: 57
- Replies: 54743
Since the time for the first is 6 hours, then the average time per item for 16 units will be 6 x r^4 (where r is the learning rate) It is to the power 4 because 16 is doubling four times.
So 6 x r^4 = 3.3
so r = fourth root of 3.3/6 = 0.86 or 86%
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