Answer:
a) 86%
b) 2nd unit = 82 hs.
3rd unit = 75 hs
c) 100th unit = 36 hs
Step-by-step explanation:
We can model the learning curve for manufacturing the units as:
![t=aX^b](https://tex.z-dn.net/?f=t%3DaX%5Eb)
where t is the time for the Xth unit, and a and b are parameters that we will calculate from the data,
We know that t(1)=95. Then, we have:
![t(1)=a\cdot 1^b=95\\\\a=95](https://tex.z-dn.net/?f=t%281%29%3Da%5Ccdot%201%5Eb%3D95%5C%5C%5C%5Ca%3D95)
And we know that the fourth unit (X=4) take 71 hours to be completed (t(4)=71). Then, we can calculate the other parameter as:
![t(4)=95\cdot4^b=71\\\\4^b=71/95\approx 0.7473\\\\b\cdot ln(4)=ln(0.7473)\\\\b=ln(0.7473)/ln(4)=-0.291/1.386\\\\b=-0.21](https://tex.z-dn.net/?f=t%284%29%3D95%5Ccdot4%5Eb%3D71%5C%5C%5C%5C4%5Eb%3D71%2F95%5Capprox%200.7473%5C%5C%5C%5Cb%5Ccdot%20ln%284%29%3Dln%280.7473%29%5C%5C%5C%5Cb%3Dln%280.7473%29%2Fln%284%29%3D-0.291%2F1.386%5C%5C%5C%5Cb%3D-0.21)
We have the model for the learning curve:
![t=95X^{-0.21}](https://tex.z-dn.net/?f=t%3D95X%5E%7B-0.21%7D)
The learning rate percentage is calculated from the b parameter:
![b=\dfrac{ln(LRP)}{ln(2)}=-0.21\\\\\\ln(LRP)=-0.21*ln(2)=-0.21*0.693=-0.1455\\\\LRP=e^{-0.1455}=0.86](https://tex.z-dn.net/?f=b%3D%5Cdfrac%7Bln%28LRP%29%7D%7Bln%282%29%7D%3D-0.21%5C%5C%5C%5C%5C%5Cln%28LRP%29%3D-0.21%2Aln%282%29%3D-0.21%2A0.693%3D-0.1455%5C%5C%5C%5CLRP%3De%5E%7B-0.1455%7D%3D0.86)
The learning rate percentage is 86%.
b) The most likely times required for the 2nd and 3rd units are calculated with the model:
![t(2)=95\cdot2^{-0.21}=95*0.864=82\\\\t(3)=95\cdot3^{-0.21}=95*0.794=75](https://tex.z-dn.net/?f=t%282%29%3D95%5Ccdot2%5E%7B-0.21%7D%3D95%2A0.864%3D82%5C%5C%5C%5Ct%283%29%3D95%5Ccdot3%5E%7B-0.21%7D%3D95%2A0.794%3D75)
c) If we use the model to calculate the time required for the 100th unit, we have:
![t(100)=95\cdot100^{-0.21}=95*0.38=36](https://tex.z-dn.net/?f=t%28100%29%3D95%5Ccdot100%5E%7B-0.21%7D%3D95%2A0.38%3D36)