a. In trip calculation, it is observed that a Wal-Mart store driver successfully made a total of
Question:
a. In trip calculation, it is observed that a Wal-Mart store driver successfully made a total of 104 trips in a given
period of time. During field calculation, it is shown that the calculated number of trips is actually 128. What is the value of the adjustment factor? ____
b. It is shown that the population of New York City, NY is much greater than that of Irvington, NJ.
Employment opportunities, malls, social activities and tourist sites in New York City are therefore more
than that in Irvington. If attractiveness for New York and Irvington are therefore 1,800 and 180 respectively
and if the calculated impedance of migration is known to be 1.57, based on Gravity-Based model, estimate
in demands, the number of people who travel between Irvington, NJ and New York City per week. ____
c. Elasticity can be defined as percentage change in demand for a 1% change in decision attribute.
For linear aggregate demand, what is the mathematical representation/formula for this statement?
You must define the parameters you choose to use for this answer. ____
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