1. A city in Metro Manila conducted a survey on selling a Modernized PUV. They have surveyed 2 questions to the 1000 Filipino jeepney drivers/operators. a. Question 1: Would you buy a Modernized PUV for P50,000/month? 20 people Would you buy a Modernized PUV for P5,000/month? 700 people Would you buy a Modernized PUV for P500/month? 900 people Would you buy a Modernized PUV for P50/month? 1000 people b. Question 2: Would you sell Would you sell Would you sell your Modernized PUV for P50,000/month? 950 people your Modernized PUV for P5,000/month? 500 people your Modernized PUV for P500/month? 90 people Would you sell your Modernized PUV for P50/month? 3 person What would be the suitable balance of price? (Hint: Use two-point formula) What would be the number of people interested?
1. A city in Metro Manila conducted a survey on selling a Modernized PUV. They have surveyed 2 questions to the 1000 Filipino jeepney drivers/operators. a. Question 1: Would you buy a Modernized PUV for P50,000/month? 20 people Would you buy a Modernized PUV for P5,000/month? 700 people Would you buy a Modernized PUV for P500/month? 900 people Would you buy a Modernized PUV for P50/month? 1000 people b. Question 2: Would you sell Would you sell Would you sell your Modernized PUV for P50,000/month? 950 people your Modernized PUV for P5,000/month? 500 people your Modernized PUV for P500/month? 90 people Would you sell your Modernized PUV for P50/month? 3 person What would be the suitable balance of price? (Hint: Use two-point formula) What would be the number of people interested?
Traffic and Highway Engineering
5th Edition
ISBN:9781305156241
Author:Garber, Nicholas J.
Publisher:Garber, Nicholas J.
Chapter2: Transportation Systems And Organizations
Section: Chapter Questions
Problem 7P
Question
DUE NOW: Please answer it in detail, all the questions must be answered. Also, include graph. Thank you!
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 4 images
Recommended textbooks for you
Traffic and Highway Engineering
Civil Engineering
ISBN:
9781305156241
Author:
Garber, Nicholas J.
Publisher:
Cengage Learning
Solid Waste Engineering
Civil Engineering
ISBN:
9781305635203
Author:
Worrell, William A.
Publisher:
Cengage Learning,
Traffic and Highway Engineering
Civil Engineering
ISBN:
9781305156241
Author:
Garber, Nicholas J.
Publisher:
Cengage Learning
Solid Waste Engineering
Civil Engineering
ISBN:
9781305635203
Author:
Worrell, William A.
Publisher:
Cengage Learning,