Question: Unit Time in Minutes g 0 ) 2 3 . 2 1 0 2 2 2 1 8 . 9 1 4 . 3 1
Unit Time in Minutes g Use least squares regression as discussed in class to estimate the learning curve parameters. Calculate confidence intervals for the parameters. Calculate the parameters using the equations given in class and verify your results using Solver in Excel, and using the regression function in Excel. Do this for the raw data, for the half log model log of times and the full log model. Use the pairs approach discussed in class to estimate the learning curve parameters. You have been asked to prepare a quote to produce of these parts. If the labor rate is $ per hour, prepare a quote for how much a batch of units will cost. Prepare two quotes, one using the least squares estimates and one using the doubles estimates.
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