Acme, Inc., produces widgets. To manufacture a new type of widget, it took 50 hours for the first widget. Acme estimates it has a 90% learning rate. Using the logarithmic approach, calculate the time it will take to manufacture the 60th widget.
a. 26.85 hours
b. 32.70 hours
c. 22.55 hours
d. 21.42 hours
a. 26.85 hours
You might also like to view...
Which of the following is the best example of a solo market exchange?
A. Sunil signs a service contract with a cleaning company. B. Mariah purchases a box of cookies from a store while on vacation. C. Tommy buys the same brand of toothpaste because he likes the way it tastes. D. Jimmy buys a new suit from a tailor who visits his office every quarter. E. Fred purchases an apartment from his friend who owns a construction company.
Some companies use _____ techniques to try to predict what customers are likely to purchase in the future.
A. data-mining B. web scraping C. knowledge extraction? D. information integration?
________ refers to the means by which firms attempt to inform, persuade, and remind consumers–directly or indirectly–about the products and brands they sell
A) Human resource development B) Marketing communications C) Financial management D) Operations management E) Planning
In regression analysis, the ______ is the measure of the variation of the actual Y (independent variable) values around the mean Y (Y?).
a. total sum of squares (SST) b. error sum of squares (SSE) c. regression sum of squares (SSR) d. standard error of the estimate