Use Huff’s law to compute the probability of consumers traveling from their homes to each of...

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Finance

Use Huff’s law to compute the probability of consumers travelingfrom their homes to each of three shopping areas:
Square footage of selling space:
Location 1 = 15,000
Location 2 = 20,000
Location 3 = 25,000
Travel time:
To location 1 = 12 minutes
To location 2 = 18 minutes
To location 3 = 25 minutes Effect of travel time on shoppingtrip is 2.
For full credit you need to show your full equation AND explainhow you used the equation to get your answers.

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Use Huff’s law to compute the probability of consumers travelingfrom their homes to each of three shopping areas:Square footage of selling space:Location 1 = 15,000Location 2 = 20,000Location 3 = 25,000Travel time:To location 1 = 12 minutesTo location 2 = 18 minutesTo location 3 = 25 minutes Effect of travel time on shoppingtrip is 2.For full credit you need to show your full equation AND explainhow you used the equation to get your answers.