Learning Curve

[Keitrh]

I really need help figuring this out.

Suppose that you are the assigning costs to a majorproject to be undertaken this year by your firm, University Applications. Oneparticular coding process involves many labor-hours, but highly redundant work.You anticipate a total of 200,000 labor-hours to complete the first iterationof the coding and a learning curve rate of 70%. You are attempting to estimatethe cost of the twentieth (steady state) iteration of this coding sequence.

Based on this information and a $60 per hour laborrate, what would you expect to budget as

A. The costof the twentieth iteration?
B. The cost ofthe fortieth iteration?

 

[Deleted member 4993]

I really need help figuring this out.

Suppose that you are the assigning costs to a majorproject to be undertaken this year by your firm, University Applications. Oneparticular coding process involves many labor-hours, but highly redundant work.You anticipate a total of 200,000 labor-hours to complete the first iterationof the coding and a learning curve rate of 70%. You are attempting to estimatethe cost of the twentieth (steady state) iteration of this coding sequence.

Based on this information and a $60 per hour laborrate, what would you expect to budget as

A. The costof the twentieth iteration?
B. The cost ofthe fortieth iteration?

What are your thoughts?

Please share your work with us ...even if you know it is wrong

If you are stuck at the beginning tell us and we'll start with the definitions.

You need to read the rules of this forum. Please read the post titled "Read before Posting" at the following URL:

http://www.freemathhelp.com/forum/th...Before-Posting

 

[stapel]

Suppose that you are the assigning costs to a major project to be undertaken this year by your firm... One particular coding process involves many labor-hours, but [is] highly redundant work. You anticipate a total of 200,000 labor-hours to complete the first iteration of the coding, and a learning curve rate of 70%. You are attempting to estimate the cost of the twentieth (steady state) iteration of this coding sequence.

Based on this information and a $60 per hour laborrate, what would you expect to budget as

A. The cost of the twentieth iteration?
B. The cost of the fortieth iteration?

You posted this to "Arithmetic", so apparently you haven't studied algebra, etc. Please reply with an example of the method you're expected to use to answer this question.

Please be complete. Thank you!