Determine the equation for the unit formulation

Assignment Help Applied Statistics

Reference no: EM13808290

1. It cost a contractor $9,765 to manufacture their first unit. The company expects to experience an 82% unit learning curve. Estimate the cost of the 7th unit. (Round intermediate calculations to 4 decimal places)

Possible answers:

$ 7,615
$ 8,593
$ 6,821
$ 5,594

2. Given the following information, determine the equation for the unit formulation. (Round intermediate calculations to 4 decimal places)

Unit Number (X)	Unit Cost (Y) $
1	800.00
2	568.00
3	464.88
4	403.28

Possible answers:

Y = (800)(X) ^-0.4941
Y = (800)(X) ^-0.1047
Y = (800)(X) ^0.6931
Y = (800)(X) ^0.9300

Reference no: EM13808290

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