Engineering, 17.06.2020 17:57, NycLife

A traveler is making a trip from Boca Raton to Miami Airport. This traveler has two options: ridingthe Tri-Rail train or taking an airport shuttle. There are two alternative specific attributes in the travelerâ€™s utility function: travel time and travel cost. The values and estimated parameters of these attributes in the utility function are: Tri-Rail Airport Shuttle Parameter
Travel Time(min) 75 45 -0.01
Travel Cost 6 35 -0.1

Required:

a. Using the Logit model, what is the probability for the traveler to take Tri-Rail, and Airport Shuttle?
b. What is the value of time of the traveler?

Answers: 2

Show answers

Other questions on the subject: Engineering

Engineering, 03.07.2019 14:10, kayabwaller4589

When at a point two solid phase changes to one solid phase on cooling then it is known as a) eutectoid point b) eutectic point c) peritectic point d) peritectoid point

Answers: 3

continue

Engineering, 04.07.2019 18:10, viicborella

Steel is coated with a thin layer of ceramic to protect against corrosion. what do you expect to happen to the coating when the temperature of the steel is increased significantly? explain.

Answers: 1

continue

Engineering, 04.07.2019 18:10, koolgurl2003

Apump is used to circulate hot water in a home heating system. water enters the well-insulated pump operating at steady state at a rate of 0.42 gal/min. the inlet pressure and temperature are 14.7 lbf/in.2, and 180°f, respectively; at the exit the pressure is 60 lbf/in.2 the pump requires 1/15 hp of power input. water can be modeled as an incompressible substance with constant density of 60.58 lb/ft3 and constant specific heat of 1 btu/lb or. neglecting kinetic and potential energy effects, determine the temperature change, in °r, as the water flows through the pump.

Answers: 1

continue

Engineering, 04.07.2019 18:10, abdirahmansoloman

Air is to be cooled in the evaporator section of a refrigerator by passing it over a bank of 0.8-cm-outer-diameter and 0.4-m-long tubes inside which the refrigerant is evaporating at -20°c. air approaches the tube bank in the normal direction at 0°c and 1 atm with a mean velocity of 4 m/s. the tubes are arranged in-line with longitudinal and transverse pitches of sl- st 1.5 cm. there are 30 rows in the flow direction with 15 tubes in each row. determine (a) the refrigeration capacity of this system and (b) pressure drop across the tube bank. evaluate the air properties at an assumed mean temperature of -5°c and 1 atm. is this a good assumption?

Answers: 1

continue

Do you know the correct answer?

A traveler is making a trip from Boca Raton to Miami Airport. This traveler has two options: ridingt...