Question: Suppose you have a mode choice model with three modes: Bicycle, subway, and personal auto. The utility function for each mode is given by the

Suppose you have a mode choice model with three modes: Bicycle, subway, and personal auto. The utility function for each mode is given by the following equation: = 0.02 0.1 where is the out-of-pocket cost by mode m in dollars, and is the travel time by mode m in minutes, and is the mode bias, which is 0 for bicycle, 0.50 for subway and 1.2 for auto. A: Predict the number of trips by each mode for travel times of 30 min., 15 min. and 10 min., and costs of $1.50, $2.50, and $4.00, for bicycle, subway, and personal auto respectively. Percentage of Predicted Number of Trips for Each Mode

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