It Took 60 Hours to Make the First Unit of a Product

question 100

Multiple Choice

It took 60 hours to make the first unit of a product. After the second and third units were made, the learning curve was estimated to be 80%. At $10 per hour, estimate the labour bill for the fourth unit. (Use at least three decimals in the exponent if you use the logarithmic approach.)

• A) $400 or less
• B) from $400 to $420
• C) from $420 to $440
• D) from $1800 to $2000
• E) over $2000

---

Definitions:

Reliability

The consistency and stability of a test, measurement, or instrument over time or different conditions.

Multiple-choice

A type of question or assessment method that presents respondents with several answer options, allowing them to select one or more as the correct answer.

Rorschach

A projective psychological test consisting of inkblots presented to individuals, who describe what they see, used to assess their personality and emotional functioning.

Validity

The extent to which a test, tool, or research accurately measures what it is intended to measure.