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4 the learning curve the mountain mquot bike workshop can...

Question: 4 the learning curve the mountain mquot bike workshop can...

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4 The Learning Curve The Mountain M bike workshop can only sell exactly one customized bike every month, because the eity only agrees to issue one plate for this type of modified bike per month. So they make exactly one every month. During the first year of business (12 bikes was made), on average they can make a bike in 100 labor hours. During the second year of business (anot her 12 was made), they improved a lot and were able to on average make the same bike in 75 labor hours, Un fortunately, we do not have records on how many labor hours they spent to make the bike in each month of the 24 months. Please estimate the learning-curve percentage /rate for their bike production You may make any assumptions as you need, but please justify them so that they sound reasonable to other engneers in the room.

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