Question: Recall that costs are often reported by lot , rather than by individual units . Given the following lot cost data, calculate a unit theory
Recall that costs are often reported by lot, rather than by individual units. Given the following lot costdata, calculate a unit theory learning curve equation. What is the slope? What is the theoretical first unit cost (T1)?
| Lot No | Units | Cost ($k) |
| 1 | 1-5 | 651.7 |
| 2 | 6-10 | 488.8 |
| 3 | 11-20 | 860.0 |
| 4 | 21-30 | 751.5 |
| 5 | 31-40 | 699.5 |
| 6 | 41-50 | 670.3 |
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