Question

In: Accounting

The times taken to produce each of the first four batches of a new product were...

  1. The times taken to produce each of the first four batches of a new product were as follows:

Batch number

Time taken

1

200 minutes

2

152 minutes

3

138 minutes

4

130 minutes

What is the rate of learning closest to?

Solutions

Expert Solution

Answer

12%

Explanation:

Units(A) Time per Unit(B) Total time (A*B=C) Average Time(C/A)
1                  200            200                  200
2                  152            352                  176
3                  138            490                  163
4                  130            620                  155

Learning is applied on Average Time.

So,

Learning = (200 - 176) / 200 = 12%

In case of any doubt or clarification, you're welcome to come back via comments.

ekkarill92 answered 2 years ago
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