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Unit Code
Qualification:
QCF LEVEL 5
Level 5
Credit Value
15 credits
Assignment Regulations
1.
Learners are required to submit their work using the LSBF Assessment cover sheet and
write <<Student ID, name, intake, group and the unit of the module>> in the subject of email
and name the file this way.
2.
3.
If you need an extension (even for one day) for a valid reason, you must request one, using
a reasonable adjustment form available from the Course Manager. Do not ask the
lecturers responsible for the course - they are not authorized to award an extension.
The completed form must be accompanied by evidence such as a medical certificate in the
event of you being sick.
General guidelines for submission of assignment:
a) All work must be word-processed and must be of good standard.
b) Document margins shall not be more than 2.5cm or less than 1.5cm
c) Font size in the range of 11 to 14 points distributed to including headings and body
text. Preferred typeface to be of a common standard such as Arial or Times New
Roman for the main text.
d) Any computer files generated such as program code (software), graphic files that form
part of the course work must be submitted either online or with the documentation.
4.
ASSESSMENT CRITERIA
On successful
completion
of this Unit a
learner will:
LO1. Be able to use a variety
1.1 Create a plan for the collection of primary and secondary data for a given
business problem.
LO2. Understand a range of 2.1 Create information for decision making by summarizing data
techniques to analyse data using representative values.
effectively
purposes
for
business
and
draw
valid
3.2
Create trend lines in spreadsheet graphs to assist in
forecasting for specified business information
3.3 Prepare a business presentation using suitable software and
techniques to disseminate information effectively.
3.4 Produce a formal business report
Scenario:
Together with your friends you have decided to establish a small restaurant in
Birmingham because you believe that there is a big market for young people who
want to dine out. You will need to find premises at a suitable location. You recognize
that Birmingham is a multicultural city and your restaurant will specialise in offering
value for money meals using organic produce. Naturally before investing any money
into the project, you have decided to collect data to find out if the restaurant will be
successful or not. You are aware that the data collection must be done properly if
any information that you extract from it is to be useful and reliable.Keeping this in
mind, please answer the following questions:
Task 1
1.1 Create a plan for the collection of primary and secondary data that will be useful
for the launch of your restaurant. Describe each of the stages that you will follow on
your plan and justify the selection of methods of collecting data that you are going
to use.
1.2 Explain, with justification, the sampling frame and survey methodology that will
be most appropriate in your investigation. Which sampling techniques are most
suited for this survey and why?
1.3 Design a questionnaire that you will use to collect primary data from UK
customers using dichotomous , multiple choice and open ended questions.
Task 2:
The following are the sales and expenses figures for HMV for the
past 18 years.
Year
1995
1996
1997
1998
1999
2000
2001
2002
2003
20,000
25,000
30,000
40,000
35,000
50,000
45,000
65,000
45,000
Year
2004
2005
2006
2007
2008
2009
2010
2011
2012
Sales Expenses
28,000
30,000
40,000
22,000
15,000
25,000
35,000
16,000
28,000
Net Income
55,000
60,000
90,000
45,000
34,000
52,000
62,000
38,000
56,000
2.1 Use Excel software to calculate the mean, median and mode of the net income.
3
You must copy and paste your spreadsheet onto the answer page.
2.2 Define mean, mode and median and explain the advantages and disadvantages
of using each one of them. Analyse the results you calculated in 2.1 above and draw
conclusions about the net income of HMV.
2.3 Use Excel to calculate the standard deviation of the net income of HMV. Explain
how standard deviation is useful for HMV business purposes. Calculate the range
about the mean within which approximately 95% of the net income values fall.
2.4 Use excel to calculate the correlation coefficient between sales expenses and net
income.
Calculate the interquartile range and 80th percentile of the net income data.
Explain how HMV may use quartiles, percentiles and correlation coefficient to draw
useful conclusions for the business.
Task 3:
Scenario: The Managing Director of a company that packages olive oil imported from
Italy to the UK has hired you for the position of presentation and report writer. The
managing director gives you the following types of data and asks you to make a report for
the board of directors. Following is the different types of data sets the managing director
has given you:
Television Advertising & Sales Figures from Year 1995 to 2010
Year
1995
1996
1997
1998
1999
2000
2001
2002
Advertising
100
120
150
170
200
240
260
320
Sales
1200
1400
1500
1800
2200
2300
2400
2780
Year
2003
2004
2005
2006
2007
2008
2009
2010
Advertising
380
440
460
490
510
550
585
600
Sales
3200
3750
4460
4820
5000
5670
5900
6300
3.1a. Produce a line graphs for advertising and sales figures from 1995 to 2010 and
draw valid conclusions from the information derived.
3.1b. Produce pie charts and bar charts for the following net income generated by
the five branches of the company and draw valid conclusions from the information
4
derived.
Net Income Generated by the Five Branches of the Company in 2010
Net Income
2300
1400
1000
1600
900
Branch Location
Birmingham Branch
Coventry Branch
Wolverhampton Branch
Solihull Branch
Stoke Branch
3.1c. Produce histograms for hourly rate of different office employees of the
company in 2012 using bin ranges 0-10,11-20,21-30,31-40,41-50,51-60,61-70 and
71-80 and draw valid conclusions from the information derived.
Hourly Rate of Different Rate of Office Employees
32
43
27
25
43
54
30
27
25
18
52
29
43
24
71
36
43
45
75
43
27
68
31
54
29
33
73
67
3.2a.
Produce a scatter graph of net income figures using spread sheets and
draw conclusions.
3.2b. Create trend lines in the spread sheet graphs to assist in forecasting the
business sales.
3.2c.
Obtain the linear equation of the line fitted in the scatter graph.
3.2d. Explain the terms of the equation and use the linear equation to forecast
sales for 24th month and
3.2e.
30thth month.
Define forecasting and explain its uses. What are the advantages and
disadvantages of forecasting?
3.2f.
Use the Excel forecast- function to predict sales for the period Jan 2011 to
June 2011.
3.3
United Kingdom.
5
3.4 Produce a formal business report of the Olive Oil company discussing your
findings.
Task 4:
4.1 Explain the use of Management Information Systems (MIS) in the operational,
strategic and tactical functioning of an organisation. Give examples of software used
at each level.
4.2 You are working with a team involved in completing a project to build a
restaurant. The data for the construction project is as follows:
Activity
Immedia
te
Time
(Days)
Predece
ssor
Foundation
Framing
4
10
Plumbing
Foundatio
n
Framing
Electrical
Framing
Wall Board
Siding
Paint Interior
8
Plumbing/
Electrical
Framing
16
Wall
Board
Fixtures
Int Paint/
Ext Paint
Define project management and explain the terms Early Start, Late Start, Early
6
Finish, Late Finish, Slack, Dummy and Critical Path. Prepare a network diagram
(PERT chart) for the project and determine the critical path. Draw the Gannt Chart
of the project.
4.3 This project is completed at a cost of 420,000.00. The assets relating to the
project will depreciate over the project life at 10% per annum on a straight line basis.
Your team has been given the following figures for cash inflows for the project and the
companys weighted average cost of capital is 12%.
Report on the financial viability of this project using NPV and IRR.
Yea
Net Profit
r
201
(million)
5
201
6
201
7
201
8
201
9
202
0
202
1
202
2
55,000
60,000
72,000
86,000
92,000
120,000
150,000
210,000
used
Task 1 of LO1 materials indicate that detailed and wellfocussed research has been carried out
D 1: Use critical
reflection to
evaluate own work
and justify valid
conclusions
D 2: Demonstrate
convergent/lateral/c
reative thinking
results
Used relevant techniques to evaluate range of net income
of HMV with reference to standard deviation.
Convergent and lateral thinking applied.
Used good demonstration to explain how HMV will use
percentiles, quartiles and correlation coefficient to draw
useful conclusions. Convergent and lateral thinking
applied.
D3:Demonstrate
convergent/lateral
/creative thinking
D4: Take
responsibility for
managing and
organising
Autonomy/independence
demonstrated Substantial
activities/projects or investigations
have been planned, managed and
organized
activities