How do i input 60000 x 500 -0.415 into a scientific calculator to get learning curve effect
formulae is y=abX
Hello,
From Wikipedia.
Mathematically the experience curve is described by a power law function sometimes referred to as Henderson's Law:
Posted on Oct 31, 2009
Sorry, what I stole from Wikipedia was stolen from me by FixYa.
The formula is C_n =C_1* n^(-a)
C_1 is the cost of the first unit of production (60 000)
C_n is the cost of the nth unit of production
n is the cumulative volume of production (500)
a is the elasticity of cost with respect to output (0.415)
Here is a picture to show your calculations. The formula is on line 4. The result is on line 5. You can have more decimals in your result.
You enter your calculation as on the 6th line.
The minus sign is (-) change sign key, just above RCL. To raise to a power use the key between Xsquare and log.
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