[Solution Library] Suppose a proposed new road to be constructed between Raleigh and Morehead City will lower the average cost per trip by car from $5 to $4.
Question: Suppose a proposed new road to be constructed between Raleigh and Morehead City will lower the average cost per trip by car from $5 to $4. Currently, 500,000 trips are made between the two cities per year. An estimate indicates that, all other things being equal, the new road will increase the number of trips per year to 600,000. Calculate the annual benefits to motorists of the new road as based on their willingness to pay.
Deliverable: Word Document 
![[Solution] Suppose you currently earn taxable income](/images/solutions/MC-solution-library-58386.jpg "[Solution] Suppose you currently earn taxable income of $100,000")
[Solution] Suppose you currently earn taxable income of $100,000
Solution: Construct a stem-and-leaf display for the data below.
![[Steps Shown] The frequency distribution below gives](/images/solutions/MC-solution-library-58388.jpg "[Steps Shown] The frequency distribution below gives the weight")
[Steps Shown] The frequency distribution below gives the weight
![[Solution Library] The frequency distribution below gives](/images/solutions/MC-solution-library-58389.jpg "[Solution Library] The frequency distribution below gives the weight")
[Solution Library] The frequency distribution below gives the weight
![[Solution Library] The commuting distance was determined](/images/solutions/MC-solution-library-58390.jpg "[Solution Library] The commuting distance was determined for each of")
[Solution Library] The commuting distance was determined for each of
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