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Learning curve

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Learning curve

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by AvatarJohn Moffat.
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  • January 17, 2021 at 8:49 pm #606296
    Avatarshaline
    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
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54836
    • ☆☆☆☆☆

    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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