There are three shopping locations with 300,500,and 1,000 square feet of space allocated to lighting accessories.A group of potential customers lives 5 minutes from the first location,10 minutes from the second location,and 15 minutes from the third location.The retailer estimates the effect of travel time to be 2.The probability of consumers shopping at location 2 is _____.
A)17
B)21
C)23
D)42

Question

Quizplus · Accepted Answer

The probability is calculated using the formula: (Space/Travel Time^Effect) / Sum of all (Space/Travel Time^Effect). For location 2: (500/10^2) / [(300/5^2) + (500/10^2) + (1000/15^2)] = 23%.

There Are Three Shopping Locations with 300,500,and 1,000 Square Feet