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

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.

Answer

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