|MN4063: Understanding Data
Task 1: Networking
A project consists of 9 activities, each with a specific duration stated in weeks. For example, Activity E takes 3 weeks to complete and can only be started after Activity C has been completed. Information on the 9 activities is outlined in the precedence table (Table 1) below.
Construct the network diagram using the standard node layout (see below) introduced in the lecture.
Task 2: Sample Data
To gain insights into the typical price consumers are willing to pay for a bag, a bag designer randomly selected 42 designs from its summer collection.
Task 3: Probability
In a recent survey, 70% of respondents were male and 30% of all male respondents did not own a car. In total, 25% of respondents did not own a car.
Task 4: Relationships
To operate more effectively, a retailer wants to better understand the relationship between sales revenue, total costs, average order value, and gross profit. To this end, data for the past 12 months were made available.
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