8.9. A community is currently being served by a single self-serve gas station with six pumps. A competitor is opening a

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8 9 A Community Is Currently Being Served By A Single Self Serve Gas Station With Six Pumps A Competitor Is Opening A 1 (24.03 KiB) Viewed 28 times

8 9 A Community Is Currently Being Served By A Single Self Serve Gas Station With Six Pumps A Competitor Is Opening A 2 (65.44 KiB) Viewed 28 times

8 9 A Community Is Currently Being Served By A Single Self Serve Gas Station With Six Pumps A Competitor Is Opening A 3 (75.18 KiB) Viewed 28 times

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 purops 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 Area Old station Now competitor Number of customers 1 5 20 2 1 9 15 8 12 6 100 150 80 50 8 3 4 a. Using the Huff retail location model and assuning that λ = 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 conupetitor.
Problem 8.9 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 5₂ - 2 (double the number of pump) and that lambda equals two. Question 30 (3 points) Listen 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) Listen 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) 4 Listen ▶ 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) Listen 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) Listen 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) Listen How many customers will they lose? Your Answer: Answer