A Company's Production Process Has a 90 Percent Learning Rate

question 39

Short Answer

A company's production process has a 90 percent learning rate.The process has produced 1,000 units to date.A process refinement is estimated to allow a future learning rate for the identical product of 70 percent.However, the initial unit made using the new process will take the same amount of time as the initial unit produced using the old process.At what point, using the new process, will the production rate exceed the production rate achieved by the old process?

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Definitions:

Assessment

The evaluation or estimation of the nature, quality, or ability of someone or something.

Diagnosis

The process of identifying a disease or condition from its signs and symptoms, often involving tests and examinations.

Mortality

The state of being mortal or the incidence of death within a population.

Mortal

Pertaining to a being that is subject to death; not immortal.