A Consumer Electronics Company Is Planning a 16-City Product Show

question 11

Multiple Choice

A consumer electronics company is planning a 16-city product show in Central and South America. The 25 crewmembers have committed to working the entire tour. Set-up time in the first city, Managua, is estimated to require 200 hours of calendar time, and based on historical data, the project manager is forecasting a learning rate of 85%. Based on learning curve concepts, what is the estimate for the time needed to set up in the 16^th city, Caracas? Figures rounded to 2 places to the right of decimal.)

• A) 170 hours
• B) 122.83 hours
• C) 104.40 hours
• D) 88.74 hours
• E) 7.75 hours
• F) None of these. The answer is ______________hours show your work).

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Definitions:

Rate of Return

The gain or loss on an investment over a specific period, expressed as a percentage of the investment's initial cost.

Interest Rate

The fee, shown as a percentage of the principal, that a lender requires from a borrower for the utilization of assets.

Purchase

The act of acquiring goods or services in exchange for money, constituting a financial transaction.

Compounded Annually

Refers to the process of earning interest on both the initial principal and the accumulated interest from previous periods on a yearly basis.