Your Company Is Making Experimental Turbochargers for a New Design

question 104

Essay

Your company is making experimental turbochargers for a new design of high-powered farm tractors. The production schedule for these new components is contained in the table below.
$$\begin{array} { | c | c | } \hline \text { Month } & \text { Turbochargers } \\\hline 1 & 4 \\\hline 2 & 6 \\\hline 3 & 7 \\\hline 4 & 8 \\\hline 5 & 5 \\\hline\end{array}$$
The first turbocharger, a trial unit, took 900 hours to produce. Based on your experience with similar products, the learning factor is 85%. You have 20 employees, and each employee works 160 hours per month. How many hours will be required in each month?
In which month(s) will overtime be required to meet the production schedule?

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Definitions:

Median

The middle value in a list of numbers, which divides the dataset into two halves.

Mode

The value that occurs most frequently in a given set of data.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values; a low standard deviation indicates that the values tend to be close to the mean of the set.

Variability

Refers to the degree of difference or deviation from the mean within a set of data.