Arrange the following modes of transport in terms of their historical emergence (Earliest to Latest):
• Railways
• Pipelines
• Air Transport
• Steam Ships
• Railways
• Pipelines
• Air Transport
• Steam Ships
Show Hint
- 4, 1, 3, 2
- 1, 4, 3, 2
- 4, 1, 2, 3
- 1, 3, 4, 2
The Correct Option is A
Solution and Explanation
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An individual chooses a transport mode for a particular trip based on three attributes i.e., cost of journey (X), In-vehicle travel time to reach destination (Y), and Out-of-vehicle time taken to access mode at respective stops (Z). The values for these attributes for three modes Rail, Bus and Para-transit are given in the table. If the general utility (U) equation is \( U = - 0.5 \times X - 0.3 \times Y - 0.4 \times Z \), using the Logit model, the estimated probability of choosing Bus is _________ (rounded off to two decimal places).
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Study the given map carefully and answer the questions that follow:
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