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BACKGROUND INFORMATION In this module, you focus on the concept and principles of learning rates and customer value determination.
BACKGROUND INFORMATION
In this module, you focus on the concept and principles of learning rates and customer value determination. This will help you practice and develop your learning rate determination skills. This will help you to become proficient in determining and analyzing learning rates for a variety of scenarios.
This activity addresses the following Module Outcome:
- Differentiate between alternative business processes utilizing the Plan-Do-Check-Act (PDCA) cycle, and various performance measures.
PROMPT
View Learning Curve Calculator (Links to an external site.)Links to an external site. [Video, 25 min 24 sec]. This video demonstrates how to set up a Cumulative Average Model calculator in Excel. Then, complete the tasks for this activity.
- The graph should be of Unit Cost versus Unit Number (displaying Learning Rate) for an initial unit cost of $100 and a production run of 1,000 units. Learning rates should vary from 60% to 100% and should use increments of 5%. Ensure you label the x- and y-axis and provide a graph title. The graph should be in its own worksheet.
Question:
Can you help me set up this graph?
