Question: equations and coefficients for mode choice: Car Mode: Ucar = Ucar = c a r , 0 + c a r , 1 Travel Time

equations and coefficients for mode choice:
Car Mode: Ucar=Ucar=car,0+car,1 Travel Time +car,2,x Cost
Bus Mode: Ubus=bus,0+bus,1 Travel Time +bus,2 Cost
Train Mode: Utrain=train,0+train,1 Travel Time +train,2 Cost
Where:
Ucar,Ubus,Utrain= Utilities for car, bus, and train modes, respectively
Travel Time = Travel time for the respective mode
Cost = Cost associated with the respective mode
The coefficients are given as follows:
Car Mode: car,0=2.5,car,1=-0.1,car,2=-0.05
Bus Mode: bus ,0=1.8, bus, 1=-0.08, bus, 2=-0.03
Train Mode: train,0=2.2,train,,1=-0.09, train, 2=-0.04
Given a specific scenario with the following travel times and costs:
Car Mode: Travel Time =30 minutes, Cost =$8
Bus Mode: Travel Time =45 minutes, Cost =$2
Train Mode: Travel Time =35 minutes, Cost =$10
Calculate:
A. the probabilities of choosing each mode (round your answers to two decimal places)
B. how many car trips could be reduced if the bus mode cost is reduced by 50%
equations and coefficients for mode choice: Car

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