Assume you are a project cost engineer calculating the cost of a repetitive activity for your project. there is a total of 20 iterations of this activity required for the project. the project activity takes 2.5 hours at its steady state rate and the learning rate is 75%. calculate the initial output time for the first unit produced, using the learning curve formula.
yx= ax^b
where
yx= the time required for the steady state, x, unit of output
a = the time required for the initial unit of output
x = the number of units to be produced to reach the steady state
b = the slope of the learning curve, represented as: log decimal learning rate/log^2