Estimate the learning rate for this product

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Reference no: EM131758723

A company has made 6000 units of a product. The labour content to make each thousand units is as follows;- Unit no. ‘000 Labour content (person hours) 1 385 2 344 3 325 4 310 5 301 6 292 1. Estimate the learning rate for this product using 1000 units of the product as the unit of production. 2. Predict the labour requirements to make the next 2000 units using the logarithmic and the learning curve coefficient tables. 3. How many hours will it take to produce 8000 units?

Reference no: EM131758723

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