Business Decision Making Tools Assignment

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Added on 2019-12-03

Business Decision Making Tools Assignment

Added on 2019-12-03

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Business Decision Making

Table of ContentsINTRODUCTION......................................................................................................................1TASK 1......................................................................................................................................1AC 1.1 Research plan for collecting the primary and secondary data..............................1Rationale...........................................................................................................................1Objective...........................................................................................................................2AC 1.2 Survey Methodology............................................................................................2Data analysis.....................................................................................................................3Time frame........................................................................................................................3Budget...............................................................................................................................3AC 1.3 designing a questionnaire.....................................................................................4TASK 2......................................................................................................................................5AC 2.1, 2.2 Calculation of Mean, Mode and Median.......................................................5AC 2.3 Calculation of range and standard deviation........................................................6AC 2.4 Percentile and inter quartile range and correlation coefficient of the series........7TASK 3......................................................................................................................................8AC 3.1, 4.1 Graphical presentation of the given data series.............................................8AC 3.2, 4.1 Construction of trend line..............................................................................9AC 3.3 Presentation........................................................................................................11AC 3.4 Formal business report.......................................................................................11TASK 4....................................................................................................................................12AC 4.2 Network diagram and Gantt chart......................................................................12AC 4.3 Calculation of Net present value and Internal rate of return..............................13CONCLUSION........................................................................................................................16REFEERNCES.........................................................................................................................17

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Index of TablesTable 1: Calculation of mean, mode and median.......................................................................5Table 2: Calculation of standard deviation................................................................................6Table 3: Calculation of correlation............................................................................................7Table 4: Calculation of Net present value of the project (In £)...............................................14Table 5: Calculation of Net present value of the project (In £)...............................................15

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INTRODUCTIONEvery business organizations have to make decisions at different stages to runbusiness successfully. Effective and strategic business decisions help the organizations toachieve the business growth and ensure business sustainability for long term period.Decisions can be taken by different financial and statistical analytical tools. Statistical toolincludes measurement of dispersion, central tendency and correlation. Moreover, it can bedone by preparing different kind of graphs with the objective of data analysis. However,financial tools such as capital budgeting decisions help the businesses to take betterinvestment decisions. Crossrail is Europe's largest railway company that provide railwayservices through 40 stations. This report aims at taking effective business decisions for UKCrossrail.TASK 1AC 1.1 Research plan for collecting the primary and secondary dataBackgroundCrossrail is Europe's biggest construction project in Europe. Moreover, it is the singleinfrastructure investment in UK. It provides services to the passengers by different routes andstations. The main purpose of this is to make world class railway system for London byproviding better customer services. It makes investment so as to ensure easier, quicker andimproved travel opportunities to the customers. The purpose of Crossrail project is to provideconvenience and more comfortable services to the passengers at London (Bazerman andMoore, 2012). Therefore, it becomes necessary for the company to gather data to meet itspurposes. The presented report aims at determining the importance of rail services to thecommunity of UK. It helps in identifying that how it facilitates and contribute to theeconomic development of the country. This report helps in creating a research plan for suchproject for data collection purpose. RationaleThe research is done to analyse the claims that as a mass transit technology theCrossrail would cut down over-crowding and congestion in the UK by encouraging motorvehicle and car users to shift to public transport. It also discusses the issue of the Crossrailgaining carbon credits for being an “energy efficient” technology. The research also showshow the Crossrail is enhancing restoration in the city through its engagement in propertyimprovement and suppositions (Hofmann, 2007). Moreover, it discusses the implication of1 | P a g e

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BUSINESS DECISION MAKING INTRODUCTION 1 TASK 1 1 1 1.1 Background 1 1.1 Methodology 2 1.2 Data Analysis Section 2 1.2 Budget 3 1.3 Questionnaire 3 TASK 1 1 2.1 & 5 2.3 Range, Mode and Median 5 2.3 Ave

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