Finally, as part of its efforts to remain competitive, PLE tries to keep up with the latest in production technology. This is especially important in the highly competitive lawn mower line, in which competitors can gain a real advantage if they develop more cost-effective means of production. Therefore, the lawn mower division spends a great deal of effort in testing new technology. When new production technology is introduced, firms often experience learning, resulting in a gradual decrease in the time required to produce successive units. Generally, the rate of improvement declines until the production time levels off. One example is the production of a new design for lawn mower engines. To determine the time required to produce these engines, PLE produced 50 units on its production line; test results are given on the worksheet Engines in the database. Because PLE is continually developing new technology, understanding the rate of learning can be useful in estimating future production costs without having to run extensive prototype trials, and Elizabeth would like a better handle on this. Use techniques of regression analysis to assist her in evaluating the data in these three worksheets and reaching useful conclusions.

I figured out the correlation with regression and a logarithmic trendline. I need to know how to figure out the rate of learning and how many units until production time levels off.

**PLEASE DO NOT COPY/PASTE FROM OTHER CHEGG ANSWERS, I already looked at those and they do not answer my question, I want to know HOW to figure out when the production units level off please! Thanks!

  
 

Transcribed Image Text:

Engine Production Time Sample Production Time (min) 1 65.1 25 49.3 2 62.3 26 49.4 3 60.4 27 49.1 4 58.7 28 49.0 5 58.1 29 48.8 6. 56.9 30 48.5 7 57.0 31 48.3 8 56.5 32 48.2 9. 55.1 33 48.1 10 54.3 34 47.9 11 53.7 35 47.7 12 53.2 36 47.6 13 52.8 37 47.4 14 52.5 38 47.1 15 52.1 39 46.9 40 46.8 16 51.8 41 46.7 17 51.5 18 51.3 42 46.6 43 46.5 19 50.9 20 50.5 44 46.5 45 46.2 21 50.2 22 50.0 46 46.3 23 49.7 47 46.0 24 49.5 48 45.8 25 49.3 49 45.7 26 49.4 50 45.6 Engine Production Time Sample Production Time (min) 1 65.1 25 49.3 2 62.3 26 49.4 3 60.4 27 49.1 4 58.7 28 49.0 5 58.1 29 48.8 6. 56.9 30 48.5 7 57.0 31 48.3 8 56.5 32 48.2 9. 55.1 33 48.1 10 54.3 34 47.9 11 53.7 35 47.7 12 53.2 36 47.6 13 52.8 37 47.4 14 52.5 38 47.1 15 52.1 39 46.9 40 46.8 16 51.8 41 46.7 17 51.5 18 51.3 42 46.6 43 46.5 19 50.9 20 50.5 44 46.5 45 46.2 21 50.2 22 50.0 46 46.3 23 49.7 47 46.0 24 49.5 48 45.8 25 49.3 49 45.7 26 49.4 50 45.6

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Y 02926X58184 R 2 08489 There is a strong corr... View the full answer