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Please help me understand this. Thank you! 8.9. A community is currently being served by a single self-serve gas station with six pumps. A competitor
Please help me understand this. Thank you!
8.9. A community is currently being served by a single self-serve gas station with six pumps. A competitor is opening a new facility with 12 pumps across town. Table 8.12 shows the travel times in minutes from the four different areas in the community to the sites and the number of customers in each area. TABLE 8.12 Travel Times to Gas Stations A C N N a. Using the Huff retail location model and assuming that =2, calculate the probability of a customer traveling from each area to each site. b. Estimate the proportion of the existing market lost to the new competitor. Use your results for homework problem 8.1 to answer the following questions. For the old station assume that S1=1 and for the new station assume that S2=2 (double the number of pump) and that lambda equals two. Question 30 (3 points) What percentage of customers from customer area 1 will switch to the new station? Enter 20% as "20" and not".20". Your Answer: Answer Question 31 (3 points) [ What percentage of customers from customer area 2 will switch to the new station? Enter 20% as "20" and not".20". Your Answer: Answer Question 32 (3 points) What percentage of customers from customer area 3 will switch to the new station? Enter 20% as "20" and not".20". Your Answer: Answer Question 33 (3 points) What percentage of customers from customer area 4 will switch to the new station? Enter 20% as "20" and not".20". Your Answer: Answer Question 34 (3 points) What percentage of customers from all customer areas will switch to the new station? Enter 20% as "20" and not".20". Your Answer: Answer Question 35 (3 points) How many customers will they lose? Use your results for homework problem 8.1 to answer the following questions. 2uestion 1 ( 3 points) What is the median? Your Answer: Answer Question 2 ( 3 points) The optimal location is on which of the following line segments. (1,2)(3,5) (0,0)(2,2) (2,2)(2,3) (2,2)(2,3) (0,3)(2,3) 8.9. A community is currently being served by a single self-serve gas station with six pumps. A competitor is opening a new facility with 12 pumps across town. Table 8.12 shows the travel times in minutes from the four different areas in the community to the sites and the number of customers in each area. TABLE 8.12 Travel Times to Gas Stations A C N N a. Using the Huff retail location model and assuming that =2, calculate the probability of a customer traveling from each area to each site. b. Estimate the proportion of the existing market lost to the new competitor. Use your results for homework problem 8.1 to answer the following questions. For the old station assume that S1=1 and for the new station assume that S2=2 (double the number of pump) and that lambda equals two. Question 30 (3 points) What percentage of customers from customer area 1 will switch to the new station? Enter 20% as "20" and not".20". Your Answer: Answer Question 31 (3 points) [ What percentage of customers from customer area 2 will switch to the new station? Enter 20% as "20" and not".20". Your Answer: Answer Question 32 (3 points) What percentage of customers from customer area 3 will switch to the new station? Enter 20% as "20" and not".20". Your Answer: Answer Question 33 (3 points) What percentage of customers from customer area 4 will switch to the new station? Enter 20% as "20" and not".20". Your Answer: Answer Question 34 (3 points) What percentage of customers from all customer areas will switch to the new station? Enter 20% as "20" and not".20". Your Answer: Answer Question 35 (3 points) How many customers will they lose? Use your results for homework problem 8.1 to answer the following questions. 2uestion 1 ( 3 points) What is the median? Your Answer: Answer Question 2 ( 3 points) The optimal location is on which of the following line segments. (1,2)(3,5) (0,0)(2,2) (2,2)(2,3) (2,2)(2,3) (0,3)(2,3)Step by Step Solution
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