If the 16th Unit Took 12

question 15

Short Answer

If the 16th unit took 12.3 minutes and the learning curve is estimated to be 80% how long did it take to make the first unit?

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Definitions:

Innovation

The act of introducing something new or improving an existing product, service, or process to enhance productivity or create value.

Entrepreneurs

Individuals who create new businesses, bearing most of the risks and enjoying most of the rewards.

Innovators

Individuals or organizations that introduce new ideas, methods, or products, often leading change and development within industries.

Risks

The potential for losses or other adverse outcomes in any investment or business operation, often quantified in terms of likelihood and impact.