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Learning curve

This topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.

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January 17, 2021 at 8:49 pm #606296
shaline
Member
- Topics: 1
- Replies: 1
Good day i am having a problem with the formula please answer the question
The time for the first batch of 50 units was 500 hours. The total time for the first 16 batches
of 50 units was 5,731 hours.
What is the learning rate?
January 18, 2021 at 10:28 am #606708
John Moffat
Keymaster
- Topics: 57
- Replies: 54743
The average time per batch when they produce 16 batches is 5,731/16 = 358.19 hours.
Producing 16 batches involves doubling 4 times.
Therefore the learning rate is: the fourth root of 358.19/500 = 0.92 (or 92%)
This is all explained in my free lectures on learning curves.
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