Calculate the modal split in percentage for the given value

Reference no: EM13563692

A calibrated utility function for travel in a city by three modes (car, bus, and light rail) is where X is the cost of travel (cents) and Y is the travel time in minutes. Use logit model to calculate the modal split (in percentage) for the given values.

Mode

X (cents)

Y (minutes)

Car

-0.30

130

Bus

-0.35

Transit

-0.40

If a parking fee of $1.00 per trip is imposed for car users then what would be the changes in split (in percentage) to the all three modes?

Reference no: EM13563692

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