Question 20
The following scenario is purely hypothetical You are in the process of selecting an ideal car from several available options. The decision depends on three key attributes: • Brand: Hyundai, Maruti Suzuki, and Volkswagen • Gearbox type: Manual and Automatic • Engine displacement (CC): 1000 CC, 1300 CC, and 1500 CC Your preferences are as follows: • Among brands, Hyundai is least preferred, followed by Maruti Suzuki, while Volkswagen is most preferred. • Automatic gearbox is preferred over Manual. • For engine capacity, 1500 CC > 1300 CC > 1000 CC in terms of performance and preference. Using these inputs, you build a regression model to quantify your preferences. The estimated coefficients of the model are provided in Figure 2.
Based on the above data,answer the given sub-questions
What is the part worth to customers if he/she upgrades from a 1000 CC to a 1500 CC engine? [Note: Enter your answer in decimal rounded to four decimal places. For example, if your answer is 1000.63545, then enter the answer as “1000.6355”]