Question
In: Finance
Use Huff’s law to compute the probability of consumers traveling from their homes to each of...
Use Huff’s law to compute the probability of consumers traveling from their homes to each of three shopping areas:
Square footage of selling space:
Location 1 = 15,000
Location 2 = 20,000
Location 3 = 25,000
Travel time:
To location 1 = 12 minutes
To location 2 = 18 minutes
To location 3 = 25 minutes Effect of travel time on shopping trip is 2.
For full credit you need to show your full equation AND explain how you used the equation to get your answers.
Solutions
jeff jeffy answered 8 months agoRelated Solutions
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face risks that are unlikely but carry high cost. Think of a fire
destroying your home. So we form a group to share the risk: we all
pay a small amount, and the insurance policy pays a large amount to
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(ii)
P(X
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(iii)
P(X >
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(iv)
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(i)
P(X
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(ii)
P(X
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(iii)
P(1 < X
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