Whole note rest may also be used in music of free rhythm, such as Anglican chant, to denote a whole measure. A whole note (American) or semibreve (British) is a musical note represented by a hollow oval note head—like a half note (or "minim")—and no note stem (see Figure 1). Its length is equal to four beats in time, that is the whole measure (or bar). Most other notes are fractions of the whole note. Half notes last for one half the duration of the whole note, quarter notes (or "crotchets") last for one quarter the duration, and a double whole note
Value of time can be examined. For example, if a traveler has a choice between a coach which takes six hours and costs £10, or a train which takes four hours and costs £30, we can deduce that if the traveler chooses the train, their value of time is £10 per hour or more (because they are willing to spend "at least" £20 to save two hours' travel time). The difficulty in narrowing down the "actual" value of time from a pair of choices means that hypothetical situations are generally used (the stated preference technique) to deduce values of time. The value of