I tried the different approaches I have found here on TexExchange. But I wasn't successful. I'm not sure whether the embedded figure leads to that behavior. I want to align the all the text centered or on top, to make it looking better. My current table looks like this:
\begin{table}[ht]
\centering
\begin{tabularx}{\textwidth}{llll}
\bfseries Label & \bfseries Membership- & \bfseries Parameters & \bfseries Graph \\
& \bfseries Function & [m] & \bfseries \\
\hline
\textbf{\emph{near}} & trapezoidal & $\{0.3, 0.75\}$ & \includegraphics[height=3.75cm]{03_Figures/05_fuzzy_distance_near.eps} \\
\hline
\textbf{\emph{medium}} & trapezoidal & $\{0.5, 1.0, 2.0, 2.5\}$ & \includegraphics[height=3.75cm]{03_Figures/05_fuzzy_distance_medium.eps} \\
\hline
\textbf{\emph{far}} & trapezoidal & $\{1.5, 2.0, 2.5, 3.0\}$ & \includegraphics[height=3.75cm]{03_Figures/05_fuzzy_distance_far.eps} \\
\hline
\textbf{\emph{very far}} & trapezoidal & $\{2.5, 4.0\}$ & \includegraphics[height=3.75cm]{03_Figures/05_fuzzy_distance_veryfar.eps} \\
\hline
\end{tabularx}
\caption{Input Fuzzy Sets for Distance}
\label{tab:fuzzySetDistance}
\end{table}

\begin{tabularx}{\textwidth}{XXXm{4cm}}– Runar Jun 30 '16 at 08:37