In trip calculation, it is observed that a Wal-Mart store driver successfully made a total of 104 trips in a given period of time. During field calculation, it is shown that the calculated number of trips is actually 128.
What is the value of the adjustment factor? ____
b. It is shown that the population of New York City, NY is much greater than that of Irvington, NJ. Employment opportunities, malls, social activities and tourist sites in New York City are therefore more than that in Irvington. If
attractiveness for New York and Irvington are therefore 1,800 and 180 respectively and if the calculated
impedance of migration is known to be 1.57, based on Gravity-Based model, estimate in demands, the number of people who travel between Irvington, NJ and New York City per week. ____
Vab=NaNbIAB:
VAB is demand between A and B.
I is for Impendance between A and B
Na and Nb are measure of trip attrachvies ness.
1,800x180x1.57=508680
c. Elasticity can be defined as percentage change in demand for a 1% change in decision attribute
. For linear aggregate demand, what is the mathematical representation/formula for this statement? You must define the parameters you choose to use for this answer. ____
page 50 3.1
d. In the City of Joplin, due to weather devastation and hurricane effects, the
cost of parking in the local Square has increased by 20%. This change has not only
reduced the number of vehicles that travel to the Square by 5%, but it has also forced the inhabitants of Joplin to use buses.
Bus trips have therefore increased to 20%. With respect to th
e cost of parking in the local Square, determine the elasticity of vehicle traffic. ____
.page 52
1.20 p2 p1=?
e. In the City of Joplin, due to weather devastation and hurricane effects, the
cost of parking in the local Square has increased by 20%. This change has not only
reduced the number of vehicles that travel to the Square by 5%, but it has also forced the inhabitants of Joplin to use buses.
Bus trips have therefore increased to 20%. With r
espect to the cost of parking in the local Square, determine the elasticity of bus transit. ____
Assignment InstructionsPlease use APA format for this assignment. Where applicable, you must show your derivations, analysis and how you obtained the responses/answers. Use title page, in-text citations, references, appropriate font size, double spaces, etc where appropriate. The assignment will be graded for content, APA formatting, met deadlines for submission. See the following rubric below.
| Rubric Category | Point Val.Your Points |
Paper meets the specified pages or word length, demonstrates thorough understanding of the reading assignment, reflects critical thought, and relates to course content and/or industry applications.
Length required _ 5-7 pages____, __pages___ turned in. | 20 |
| Ideas and concepts are supported through resources and/or personal experiences.Work exhibits truthful and verifiable statements and mathematical formulae and derivations used where applicable. | 40 |
Posts are free of writing errors (syntax, grammar, etc.)
Try to avoid using needless fillers i.e. that. I did not count those as errors this time. Also, free of APA format errors.
___ Errors – 1-4 =.9 5-7= .8, 8-10= .7, 11-12= .6, 13-14= .5, 15-17= .4, 18= .3, 19= .2, 20= .1, 21 or more 0. | 40 |
| Total | 100 |