MN4063: A project consists of 9 activities, each with a specific duration stated in weeks. For example, Activity E takes 3 weeks to complete: Understanding Data Course Work, LMU, UK

Dec 11, 2023

University

Subject MN4063: Understanding Data

Task 1: Networking

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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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