Question $1$ & $2$:

Bus:

Travel Time: $10$ hr

Lost Time $($waiting$/$transfers$)$: $2\mathrm{.}5$ hr

Value of Work Completed while traveling: $$150$

Fare: $$65$

Car:

Travel Time: $7$ hr

Parking Cost: $$20$

Gas Cost: $$85$

Question $1$: Considering the provided information and random utility theory which mode of travel is the most likely to be selected? Hint: use the generalized logit model and consider if all monetary values provided are negative costs. Consider an N $-$way structure $($i$.$e$.$ assume modes are independent$).$

Question $2$: Considering the provided information and random utility theory what is the probability that travel by car is chosen as the selected mode of transportation? Hint: use the generalized logit model and consider if all monetary values provided are negative costs. Consider an N$-$way structure $($i$.$e$.$ assume modes are independent$).$