The Mechanical Engineering department has a student team that is designing a formula car for national competition. The time required for the team to assemble the first car is 100 hours. Their improvement (or learning rate) is 0.8, which means that as output is doubled, their time to assemble a car is reduced by 20%. Use this information to determine:the time it will take the team to assemble the 10th car.Create an excel spreadsheet having the following table. You must show the formula used in the excel sheets to calculate values in the columns.Plot Number of Units vs Time (in hours) and Number of Units vs Cumulative Time (in hours) in the same plot. Use different colors to distinguish the data. N (no of Units)12345607∞a8910Time to Produce NthCumulative Time(1 to N)

Find the Given details below:Time required of First car (T1)100HoursLearning rate (p)80%Calculation…

Answered: The Mechanical Engineering department…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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The Mechanical Engineering department has a student team that is designing a formula car for national competition. The time required for the team to assemble the first car is 100 hours. Their improvement (or learning rate) is 0.8, which means that as output is doubled, their time to assemble a car is reduced by 20%. Use this information to determine:

the time it will take the team to assemble the 10th car.
Create an excel spreadsheet having the following table. You must show the formula used in the excel sheets to calculate values in the columns.
Plot Number of Units vs Time (in hours) and Number of Units vs Cumulative Time (in hours) in the same plot. Use different colors to distinguish the data.