Examlex

Solved

Your School's Recruiting Staff Is Planning a Multi-Country Road Trip

question 3

Multiple Choice

Your school's recruiting staff is planning a multi-country road trip to Africa and the Middle East. Staff members will visit eight cities over a two-week period, and will set up an elaborate display, booth, and audio-visual show in each city. They have been reviewing last year's tour and discovered some information about how long the setup was in the same cities. Unfortunately, they do not have data for all cities. The data they do have are displayed below:
 City (in order of  visit)   Time Required for Setup Last  Year  (1)  Lagos  14 hours  (2)  Casablanca  Unknown  (3)  Khartoum 8.876 hours  (4)  Nairobi 7.875 hours \begin{array} { | l | c | } \hline \begin{array} { l } \text { City (in order of } \\\text { visit) }\end{array} & \begin{array} { c } \text { Time Required for Setup Last } \\\text { Year }\end{array} \\\hline \text { (1) Lagos } & \text { 14 hours } \\\hline \text { (2) Casablanca } & \text { Unknown } \\\hline \text { (3) Khartoum } & 8.876 \text { hours } \\\hline \text { (4) Nairobi } & 7.875 \text { hours } \\\hline\end{array}
It is possible to solve this problem without a leaming curve table, but we advise the instructor to include one at the end of the exam for those students who would like to  use it. \begin{array}{|l|}\hline \text {It is possible to solve this problem without a leaming curve table, but we advise the }\\\text {instructor to include one at the end of the exam for those students who would like to }\\\text { use it. }\\\hline \end{array}
What rate of learning can the team estimate from the available data? round to the nearest whole number)


Definitions:

Marginal Revenue

The additional income generated from the sale of one more unit of a good or service.

Average Variable Cost

The total variable cost divided by the total output, representing the variable cost per unit of output.

Average Total Cost

The total cost per unit produced, determined by dividing the sum of fixed and variable costs by the quantity of output.

Shut Down

The process of ceasing operations or activities, often temporarily, in a business or other organization.

Related Questions