ques:A CO. STARTED PRODUCTION AND HAS FOUND THAT 1ST 10 UNITS OF PRODUICTION TOOK 120 HOURS AND NEXT 30 UNITS TOOK 150 HOURS.
WHAT WAS THE LEARNING RATE?
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5y ago#2Please do not type in capital letters (and do not press for an immediate answer - we try to answer within 24 hours and I always answer mush sooner than that. We do not sit permanently at the computer!).
The average time per batch of 10 units when they make 4 batches (i.e. 40 units) is 260/4 = 65 hours.
Therefore, using the doubling rule, the learning rate = square root of (65/120) = 0.736 (or 73.6%)
This is all explained in my free lectures on learning curves. The lectures are a complete free course for Paper PM and cover everything needed to be able to pass the exam well.
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