Big Mike Has to Prepare a Bid for the Swimming

question 46

Essay

Big Mike has to prepare a bid for the swimming pools to be placed in every backyard in a new housing addition.Each swimming pool represents only a slight variation on the other,so there is a good opportunity to leverage learning effects in the bid process.A swimming pool installation can be broken down into four major steps: excavation,concrete,plumbing,and finish work.Mike has found the best contractors and asks each of them how long it will take to complete work on the first pool and what their learning rates are.Amazingly,each contractor is intimately familiar with learning curve theory and knows what his learning rate is for this type of work.This information is summarized in the table.
$$\begin{array} { | l | l | l |}\hline \text { Furnction } & \text { First Pool } & \text { Learning Rate } \\\hline \text { Excavation } & 22 \text { hours } & .95 \\\hline \text { Concrete } & 32 \text { hours } & .90 \\\hline \text { Plumbing } & 10 \text { hours } & .85 \\\hline \text { Finishirg } & 30 \text { hours } & .85 \\\hline\end{array}$$ How long will it take to complete the 25th pool for the subdivision?
How long will it take to complete all 25 pools for the subdivision?

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Definitions:

Interpretive Biases

Cognitive biases that affect the way individuals perceive and interpret information.

Generalized Anxiety

A disorder characterized by persistent and excessive worry about a number of different things, often disproportionate to the actual source of worry.

Neuroanatomy

The branch of anatomy that studies the structure and organization of the nervous system.