A contractor is preparing a bid to install swimming pools at a new housing addition. The estimated time to build the first pool is 31 hours. The contractor estimates an 80 percent learning rate. Using POM for Windows or OM Explorer, how long do you estimate the time required to install the seventh pool? The time required to install the seventh pool is hours. (Enter your response rounded to two decimal places.) What is your estimate of the total time for all seven pools? The total time for all seven pools is hours. (Enter your response rounded to two decimal places.)

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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Ee 46.

A contractor is preparing a bid to install swimming pools at a new housing addition. The
estimated time to build the first pool is 31 hours. The contractor estimates an 80 percent
learning rate. Using POM for Windows or OM Explorer, how long do you estimate the time
required to install the seventh pool?
The time required to install the seventh pool is hours. (Enter your response rounded to
two decimal places.)
What is your estimate of the total time for all seven pools?
The total time for all seven pools is hours. (Enter your response rounded to two
decimal places.)
Transcribed Image Text:A contractor is preparing a bid to install swimming pools at a new housing addition. The estimated time to build the first pool is 31 hours. The contractor estimates an 80 percent learning rate. Using POM for Windows or OM Explorer, how long do you estimate the time required to install the seventh pool? The time required to install the seventh pool is hours. (Enter your response rounded to two decimal places.) What is your estimate of the total time for all seven pools? The total time for all seven pools is hours. (Enter your response rounded to two decimal places.)
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