Question: * What is the preferred model based on the given table? * If all modes had equal travel cost for a person traveling alone, order

* What is the preferred model based on the given table?

* If all modes had equal travel cost for a person traveling alone, order the modes by popularity, according to the Model1 information? Explain your answer. Modes: Train, Air, Car, Bus.

* What is the preferred model based on the given table? *

Model 1 Model 2 (Intercept) x train -0.1655 (0.3939) 0.4922 (1.0742) (Intercept) x bus -0.4759 (0.5170) -0.5070 (1.2116) (Intercept) -1.6243*** (0.4317) -5.2530*** (1.2022) X car gcost -0.0223*** (0.0044) 0.0489* (0.0251) size x 0.5009** (0.2283) 0.6805* (0.3790) train size x bus 0.0156 (0.3391) 0.2873 (0.4654) size x car 0.8272*** (0.2122) 0.5361* (0.3212) wait -0.1023*** (0.0114) travel -0.0106*** (0.0035) vcost -0.0555** (0.0254) income X -0.0679*** (0.0165) train incomex bus -0.0286* (0.0171) income X -0.0085 (0.0135) car Num.Obs. 210 210 AIC 530.8 365.3 BIC Log.Lik. -258.405 -169.668 rho2 0.0893 0.4021 rho20 0.1124 0.4172 *p

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