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    Correct Statement Analysis based on Learning Curve Equation

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    which statement is correct?

    Y = 1250(X)-0.120294

    Y is the cost of the first unit.
    The slope equals 1 - 0.120294 = .8797 or 87.97%
    Y represents the cost of the 1250th unit
    The slope equals 92%

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    Solution Summary

    The solution explains the interpretation of slope in the learning curve.