1) When deciding whether to use the unit formulation of the learning curve or the cumulative average formulation, all of the following would be reasons to select the cumulative average formulation EXCEPT FOR:

Availability of production tooling

Production concurrent with development

Lack of experience with similar projects

Having variability in the design

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

[Image Description: Table listing Unit Number (X) and Unit Cost ($Y). Unit 1 = $1000, Unit 2 = $933.00, Unit 3 =$895.91, Unit 4=$870.49]

Y = (1000)(X) ^-0.1001

Y = (1000)(X) ^-0.2515

Y = (1000)(X) ^0.6931

Y = (1000)(X) ^0.8700

3) The first unit required 9800 hours to manufacture. The company expects to experience an 85% unit learning curve. Estimate the cost of the 20th unit. (Round intermediate calculations to 4 decimal places)

4155 hours

5408 hours

4855 hours

23112 hours

4) It took a contractor 7000 hours to manufacture their first unit of an item. If the contractor expects to achieve a 94% unit learning curve, how many hours would be required to manufacture units 76-100?

117,382

112,627

507,717

507,683

5) In the following unit learning curve equation:

Y=34(X)^-0.134425

The slope equals 91.1%

The slope equals 88%

Y is the cost of the first unit

Y represents the cost of the 34^th unit