Susan Suspects Strongly That There Is a Learning Curve Associated

question 90

Essay

Susan suspects strongly that there is a learning curve associated with solving problems assigned for operations management. She notes that it took her approximately 21 minutes to solve the first problem and 18 minutes to solve the fourth problem.
a. Estimate Susan's learning percentage.
b. Using your answer from part a, estimate how much longer it will take Susan to finish the three problems that remain.

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Definitions:

Gasoline Demanded

The total amount of gasoline consumers are willing and able to purchase at a given price within a specified period.

Buick Owner

A person who owns a vehicle manufactured by Buick, which is a division of the American automobile manufacturer General Motors.

Dodge Owner

A person or entity that owns a vehicle manufactured by Dodge, an American brand of automobiles.

Reservation Price

The maximum amount a buyer is willing to pay for a good or service, beyond which they will not make the purchase.