If a learning curve is defined as a 70 percent rate, what does this imply about the rate of improvement?
Explanation
This question tests the understanding of the terminology of learning curves, specifically how the learning rate relates to the percentage improvement.
Other questions
What is the fundamental premise of learning curves as described in the context of organizational efficiency?
What is the key principle behind the 'doubling of production' concept in learning curves?
A firm's first unit of production required 50 labor-hours. If the firm has a 70 percent learning curve, how many hours will the fourth unit take to produce using the doubling approach?
The formula approach for determining the labor time for any unit is given by TN = T1(N^b). What does the variable 'b' represent in this formula?
A new graduate, Greg Lattier, completed his first dental practice audit in 100 hours. His learning-curve rate is 80 percent, which corresponds to a slope (b) of -0.322. Approximately how long should his third audit take?
When using the learning-curve table approach with the formula TN = T1C, what does the coefficient 'C' depend on?
A Korean shipyard took 125,000 labor-hours for its first tugboat and has an 85 percent learning factor. Using the learning-curve table approach, how many hours would the fourth unit require if the unit time coefficient (C) for unit 4 at 85 percent is 0.723?
Using the data from the Korean shipyard where the first tugboat took 125,000 hours with an 85 percent learning factor, how many total hours will be required to produce all four boats if the total time coefficient for 4 boats is 3.345?
If the most reliable production time information pertains to a unit other than the first one, what is the correct procedure to estimate the time for the first unit?
The third boat produced by a company was completed in 100,000 hours. The company has an 85 percent learning curve, and the unit coefficient (C) for the third unit is 0.773. What is the revised estimate for the time it took to produce the first boat?
Which of the following is identified as a strategic application of learning curves for a company's internal use?
When a firm's strategy is to pursue a learning curve steeper than the industry average, which of these actions should it take?
What is a major limitation or caution to consider when applying learning curves?
Boeing's first 787 airliner cost 448 million dollars. Its forty-fifth 787 cost 184 million dollars. Based on these two data points, what is the calculated learning-curve coefficient (C)?
The first time a job was performed it took 60 minutes. If the organization is on an 80 percent learning curve, how long will the eighth job take?
An IRS auditor, Susan Sherer, took 45 minutes to process her first tax return. The IRS uses an 85 percent learning curve. How long will the fourth return take?
If Professor Laurie Macdonald takes 15 minutes to grade the first exam and follows an 80 percent learning curve, how long will it take her to grade the first 10 exams in total, given the total time coefficient for 10 units is 6.315?
A hospital's first cornea transplant took 563 minutes. It uses a 90 percent learning rate. What is the cumulative time to complete the first 6 transplants, given the total time coefficient for 6 units is 5.101?
The very first liver transplant at Beth Zion Hospital required 30 hours. The hospital estimates an 80 percent learning curve. How much time will the 18th transplant require, given the unit time coefficient for unit 18 is 0.394?
Manceville Air produced its first industrial compressor in 112 hours and expects a 90 percent learning curve. What is the estimated total time to complete the next 7 units (i.e., units 2 through 8)? The total time coefficient for 8 units is 6.574.
Elizabeth Perry completed her first bookcase in 5 hours and the second in 4 hours. What is her learning rate?
Professor Mary Beth Marrs took 6 hours to prepare her first lecture and has a 90 percent learning curve. How much time should she take to prepare the 15th lecture, given the unit coefficient C for N=15 is 0.663?
The first vending machine assembled by William Kine, Inc., took 80 labor-hours. For a learning rate of 72 percent, how long will the fourth machine require? (A 72 percent learning rate is not in the provided tables).
The third plane produced by an airline manufacturer took 20,000 hours. The learning curve is 85 percent, and the unit coefficient for the third unit is 0.773. How long will the sixth plane take if the unit coefficient for the sixth unit is 0.657?
A purchasing agent expects to buy units 12 through 15 of a new phone system. The first unit took 56 hours to make, and the learning rate is 80 percent. The total time coefficient for 11 units is 6.777 and for 15 units is 8.511. What is the total time for units 12 through 15?
If it took Boeing 28,718 hours to produce the eighth 787 jet and the learning-curve factor is 80 percent, approximately how long did it take to produce the tenth 787 jet? The unit coefficient for unit 8 is 0.512 and for unit 10 is 0.477.
Richard Dulski's firm is bidding on a contract for 40 units of a new radar system. The first unit is expected to take 700 hours with a 75 percent learning rate. What is the total amount of hours to build all 40 units if the total time coefficient is 13.723?
Which of the following situations is most likely to disrupt a well-established learning curve, causing it to spike upwards temporarily?
The service times for a new data entry clerk were 66 minutes for the 1st report and 56 minutes for the 2nd report. Based on these two data points, what is the clerk's learning curve rate?
If the first unit of a production run takes 1 hour and the firm is on an 80 percent learning curve, how long will unit 100 take? The unit coefficient for 10 units is 0.477.
Boeing spent 270 million dollars to make the eleventh 787 and 448 million dollars on the first 787. What was the learning curve rate at this point? The unit coefficient for N=11 at 85 percent is 0.570 and at 90 percent is 0.695.
On a log-log graph of a learning curve, what does a straight line indicate?
The first unit of production took 80 hours. What is the time required for the 16th unit with an 80 percent learning curve?
Why might a firm refuse more work even if it has physical capacity, if it ignores its own learning curve improvements?
A manager is using a log-log graph to compare the company's cost learning curve with the industry price line. What does it mean if the company's cost at a certain volume is above the industry price line?
According to the text, in which industry was the learning curve concept first applied in 1936 by T. P. Wright?
A firm has an 80 percent learning curve. Its first unit took 200 hours. How much total time would the first two units require? The total time coefficient for 2 units is 1.800.
If a service firm wants to use learning curves for scheduling its workforce, which category of application does this fall into?
Why must the times for the early units in a production run be accurate when establishing a learning curve?
The fifth unit of a production run took 59.6 hours. The firm uses an 80 percent learning curve, and the unit coefficient for unit 5 is 0.596. What is the revised estimated time for the first unit?
A handheld calculator manufacturer experiences a 74 percent learning curve on its average factory selling price. If the price for the first 1,000 units averages 50 dollars, what would the approximate average price be when cumulative production reaches 2,000 units?
Which of these factors is LEAST likely to cause a disruption in an established learning curve?
If a company has a 90 percent learning curve, what is its corresponding rate of improvement?
An engineering firm took 50 hours to complete its first design project and has an 80 percent learning curve. How much total time should the first four projects take? The total time coefficient for 4 units at 80 percent is 3.142.
What type of graph is typically used to represent a learning curve as a straight line for easier analysis and extrapolation?
A company knows its fifth unit required 78.3 hours and its learning rate is 90 percent. The unit coefficient for N=5 is 0.783. How long should the tenth unit take if the unit coefficient for N=10 is 0.705?
The first unit of a product took 10 hours and the learning curve rate is 70 percent. The fourth unit takes 4.9 hours. What is the formula to find the time required for the fourth unit?
A surgical team has a 90 percent learning curve for a procedure. The initial procedure required 20 hours. How long will the fourth procedure approximately take?
The first transmission rebuild at a shop took 50 hours, and the learning rate is 80 percent. How long will it take to rebuild the third unit? The value for b (slope) is -0.322.