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Interpreting the equation of unit formulation

Given the following unit learning curve equation, which statement is correct?

Y = 118(X)-0.286304

A) X represents the unit you are estimating
B) 118 represents the unit you are estimating
C) The slope equals 1 - 0.286304 = .7137 or 71.37%
D) Y represents the cost of the first unit

Solution Preview

In the given equation

118 represents the cost of first unit.
Y ...

Solution Summary

Solution interprets the given equation of unit formulation.

$2.19