Question
In a conjoint study for evaluating preferences for a potential new high-speed commuter rail service between downtown Pittsburgh and Pittsburgh International Airport, the attributes and
In a conjoint study for evaluating preferences for a potential new high-speed commuter rail service between downtown Pittsburgh and Pittsburgh International Airport, the attributes and unscaled part-worths for the different levels are as follows:
(A) What is the relative importance weight of each attribute (so that they add up to 100%)? (6 points)
(B) Rescale the part-worths so that there are no negative part-worths and the rescaled part-worth of the least preferred level for each attribute is 0. Also, the highest part-worth of the most important attribute is 1.0 . (All other part-worths will then be between 0 and 1. (6 points)
Note that you do not need to solve one part before you can solve the other part. They can be solved independently
Attribute | Level | Unscaled Part-Worth |
One-way ticket price | $5.00 | 0 |
| $7.50 | -12 |
| $10.00 | -20 |
|
|
|
One-way travel time | 10 minutes | 0 |
| 15 minutes | -8 |
| 20 minutes | -20 |
|
|
|
Frequency of service | Every 15 minutes | 0 |
| Every 20 minutes | -4 |
| Every 25 minutes | -10 |
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