With an 80 Percent Unit Improvement Factor Learning Curve and an Initial

question 23

Multiple Choice

With an 80 percent unit improvement factor learning curve and an initial time of 100 minutes to do a job, at what number of repetitions will the job take less than 50 minutes?

• A) 5 repetitions of the job
• B) 6 repetitions of the job
• C) 7 repetitions of the job
• D) 8 repetitions of the job
• E) 9 repetitions of the job

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Definitions:

Interest Rate

The fraction of a loan billed as interest to the borrower, commonly expressed as a yearly percentage of the remaining loan amount.

Payments

Amounts of money transferred from one party to another as fulfillment of a financial obligation.

Life Annuity

An insurance product that provides the holder with a series of payments for the remainder of their life, in exchange for an initial lump sum payment.

Term Annuity

An annuity that provides regular payments over a fixed period of time, after which payments cease.