Question: Ex 5 . A logit model has a utility factor function of the form: ( 1 5 pts ) U = - 0 . 0

Ex 5. A logit model has a utility factor function of the form: (15 pts)
U=-0.0754A-0.5W-0.04R-0.02C
where,
A = access time in minutes
W= Waiting time in minutes
R= Riding time in minutes
C= Out-of-pocket costs in cents
a) What are the modal split estimates (probabilities) for the following data:
\table[[Mode,A,W,R,C],[Auto,6,1,25,300],[Rail,7,10,15,75],[Bus,10,15,35,60],[Bike,1,0,45,10]]
Ex 5 . A logit model has a utility factor

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Civil Engineering Questions!