Engineering, 02.03.2020 17:10 Kston2165

It is known that 4000 automobile trips are generated in a large residential area from noon to 1:00 P. M. on Saturdays for shopping purposes. Four major shopping centers have the following characteristics:

Shopping Center Distance from residential Commercial floor
area (km) spacing ft²
1 2.4 200,000
2 4.6 150,000
3 5.0 300,000
4 8.7 600,000

(1) If a logit model is estimated with coefficients of -0.543 for distance (in miles) and 0.0165 for commercial space (in thousands of ft-) for all shopping centers, how many shopping trips will be made to each of the four shopping centers?
(2) Consider the shopping trip situation described above. Suppose that shopping center 3 goes out of business and shopping center 2 is expanded to 450,000 ft² of commercial space. What would be the new distribution of the 4000 Saturday afternoon shopping trips?

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It is known that 4000 automobile trips are generated in a large residential area from noon to 1:00 P...