MN4063QA APR22 Coursework 1 - Desklib

MN4063QA APR22
Coursework 1

Table of Contents
MAIN BODY...................................................................................................................................4
TASK 1............................................................................................................................................4
Standard Deviation.................................................................................................................4
Coefficient of variance...........................................................................................................4
Interquartile Range.................................................................................................................4
Explanation of the Standard Deviation...................................................................................5
Interpretation of the Interquartile Range................................................................................5
TASK 2............................................................................................................................................5
Completed table 1 to show the percentage frequencies, cumulative frequencies and cumulative
percentage frequencies...........................................................................................................5
Completed table 2...................................................................................................................5
The median expenditure of the consumers by interpolation method.....................................6
Explanation of the median expenditure..................................................................................6
TASK 3............................................................................................................................................6
Differences between cross section data and time series data.................................................6
Discuss which information type should be used for gaining insights into the lifestyle and
demographic for its clients.....................................................................................................7
TASK 4............................................................................................................................................7
Construct the network diagram for the forward and backward movements..........................7
Identify the critical path of the project...................................................................................9
Critically differentiate between critical and non-critical activities........................................9
TASK 5............................................................................................................................................9
Correlation matrix..................................................................................................................9
Recognise best predictor of Job Separation............................................................................9
Create a scatter graph...........................................................................................................10
Explanation of coefficient of correlation..............................................................................10
Explanation of coefficient of determination.........................................................................10
TASK 6..........................................................................................................................................10
PART 2..........................................................................................................................................10

Variable cost per T-shirt.......................................................................................................10
Monthly fixed cost................................................................................................................11
Break-even point for January 2022......................................................................................11
No. of T-shirts to be sold in order to earn profit of £200,000..............................................12
Margin of Safety for January 2022.......................................................................................12
Advises to the Sales manager of Tvestan Ltd......................................................................13
REFERENCES..............................................................................................................................14

MAIN BODY
TASK 1
Standard Deviation
= (Highest range – Lowest range)/4
= (369-68) 4
=£75.25
Coefficient of variance
= Standard deviation/ mean
= 75.25/224*100
=33.60 %
Interquartile Range
= Upper Quartile - lower quartile
=336-112
=224