Richard Dulski's firm is about to bid on a new radar system. Although the product uses new technology, Dulskibelieves that a learning rate of 75% is appropriate. The first unit is expected to take 700 hours, and the contract is for40 units.a) The total amount of hours to build the 40 units = 9606 hours (round your response to the nearest whole number).b) The average time to build each of the 40 units = 240.15 hours (round your response to two decimal places).c) If a worker works 2,080 hours per year, the number of workers required to complete this contract in a year =workers (round your response to two decimal places).

Given,Learning Rate = 75%T1 = 700n = 40

Answered: Richard Dulski's firm is about to bid…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Richard Dulski's firm is about to bid on a new radar system. Although the product uses new technology, Dulski believes that a learning rate of 85% is appropriate. The first unit is expected to take 760 hours, and the contract is for 13 units. a) The total amount of hours to build the 13 units = 6682 hours (round your response to the nearest whole number). b) The average time to build each of the 13 units = hours (round your response to two decimal places).
Richard Dulski's firm is about to bid on a new radar system. Although the product uses new technology, Dulski believes that a learning rate of 90% is appropriate. The first unit is expected to take 780 hrs, and the contract is for 14 units a) The total amount of hours to build the 14 units= ____ hrs b) what is the average time to build each of the 14 units= _____ c)Assume that the worker works 2080 hrs per year. How many workers should be assigned to this control to complete in a year?
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