Question: A process has an initial cost per unit of $320 and an expected learning rate of 0.85. Use Table 6.4. Round your answer to 2

A process has an initial cost per unit of $320

A process has an initial cost per unit of $320 and an expected learning rate of 0.85. Use Table 6.4. Round your answer to 2 decimal places. Estimate the cost of producing 40 units using this process. TABLE 6.4 Learning Curve Coefficients for the Cumulative Costs of Producing a Certain Quantity LR Experience 0.65 0.7 0.75 0.8 0.85 0.9 0.95 1 1 1 1 1 1 1 1 2 1.65 1.7 1.75 1.8 1.85 1.9 1.95 3 2.155213 2.26818 2.383836 2.502104 2.622915 2.746206 2.871919 4 2.577713 2.751118 2.946336 3.142104 3.345415 3.556206 3.774419 5 2.945502 3.195027 3.459081 3.737741 4.031086 4.339193 4.662139 6 3.27389 3.592753 3.934457 4.299424 4.688064 5.100778 5.537962 7 3.572278 3.96015 4.380373 4.833914 5.32172 5.844726 6.403851 8 3.846903 4.30315 4.802248 5.345914 5.935845 6.573726 7.261226 9 4.102144 4.625979 5.203996 5.838863 6.533242 7.289791 8.11116 10 4.341206 4.931771 5.588554 6.315373 7116063 7.994479 8.954494 11 4.56652 5.222928 5.958198 6.777484 7.686003 8.689031 9.7919 12 4.779972 5.501336 6.314731 7.226831 8.244434 9.374458 10.62393 13 4.983066 5.768511 6.659614 7.664746 8.792483 10.0516 11.45105 14 5.177018 6.025688 6.99405 8.092338 9.331091 10.72115 12.27364 15 5.36283 6.273896 7.319046 8.510537 9.861056 11.38372 13.09205 20 6.194963 7.406536 8.828351 10.48494 12.40228 14.60776 17.13024 25 6.908642 8.404015 10.19069 12.3086 14.80073 17.71323 21.09545 30 7.539799 9.305035 11.44577 14.019189 17.09066 20.72689 25.00317 40 8.631226 10.90242 13.72316 17.19346 21.42516 26.54271 32.68379 50 9.565429 12.30688 15.77609 20.12171 25.51311 32.14196 40.22385 100 13.03445 17.79071 24.17858 32.65081 43.75387 58.14102 76.58639

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