Sally Suspects Strongly That There Is a Learning Curve Associated

question 56

Essay

Sally suspects strongly that there is a learning curve associated with solving problems assigned for operations management. She notes that it took her approximately 33 minutes to solve the first problem and 20 minutes to solve the fifth problem.
a. Estimate Sally's learning percentage.
b. Using your answer from part a, estimate how much longer it will take Sally to finish the three problems that remain.

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Definitions:

Real Per Capita Output

The total real output of an economy divided by the population, measuring the average economic output per person in real terms, adjusted for inflation.

Real Output

The quantity of goods and services produced, adjusted for inflation, reflecting the actual productivity of an economy.

Real GDP

Gross domestic product adjusted for inflation; gross domestic product in a year divided by the GDP price index for that year, the index expressed as a decimal.

Per Capita GDP

The total Gross Domestic Product of a country divided by its population, indicating the average economic output per person.