Consider the travel network shown in figure 1612 in which, Econometrics

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Consider the travel network shown in figure 1612 in which

Consider the travel network shown in Figure 16.12 in which the probabilities of selecting a route from each node are shown in parentheses.

a. Develop a Monte Carlo simulation model to determine the expected trip time from node 1 to node 7.

b. Simulate 10 trips and calculate the expected trip time.

Figure 16.12i

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Econometrics: Consider the travel network shown in figure 1612 in which

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