b. What does the scatter diagram developed in part (a) indicate about the relationship between the two variables? scatter diagram indicates a positive The electronic trades. ✓linear relationship between x = speed of execution rating and y = overall satisfaction rating for c. Develop the least squares estimated regression equation. Enter negative value as negative number. Satisfaction = -.0733 + .9675 Speed (to 4 decimals) d. Provide an interpretation for the slope of the estimated regression equation. The slope of the estimated regression line is approximately rating will increase the overall satisfaction rating by approximately e. Suppose Wells Fargo Investments developed new software to increase their speed of execution rating. If the new software is able to increase their speed of execution rating from the current value of 2.4 to the average speed of execution rating for the other 10 brokerage firms that were surveyed, what value would you predict for the overall satisfaction rating? (to 3 decimals) (to 4 decimals). So, a one unit points (to 1 decimal). Select your answer in the speed of execution

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Author:Amos Gilat
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b. What does the scatter diagram developed in part (a) indicate about the relationship between the two variables?
scatter diagram indicates a positive
The
electronic trades.
linear relationship between x = speed of execution rating and y = overall satisfaction rating for
c. Develop the least squares estimated regression equation. Enter negative value as negative number.
Satisfaction =
-.0733 +
.9675 Speed (to 4 decimals)
d. Provide an interpretation for the slope of the estimated regression equation.
The slope of the estimated regression line is approximately
rating will increase the overall satisfaction rating by approximately
e. Suppose Wells Fargo Investments developed new software to increase their speed of execution rating. If the new software is able to increase their speed of
execution rating from the current value of 2.4 to the average speed of execution rating for the other 10 brokerage firms that were surveyed, what value would
you predict for the overall satisfaction rating?
(to 3 decimals)
(to 4 decimals). So, a one unit
points (to 1 decimal).
Select your answer - ✓ in the speed of execution
Transcribed Image Text:b. What does the scatter diagram developed in part (a) indicate about the relationship between the two variables? scatter diagram indicates a positive The electronic trades. linear relationship between x = speed of execution rating and y = overall satisfaction rating for c. Develop the least squares estimated regression equation. Enter negative value as negative number. Satisfaction = -.0733 + .9675 Speed (to 4 decimals) d. Provide an interpretation for the slope of the estimated regression equation. The slope of the estimated regression line is approximately rating will increase the overall satisfaction rating by approximately e. Suppose Wells Fargo Investments developed new software to increase their speed of execution rating. If the new software is able to increase their speed of execution rating from the current value of 2.4 to the average speed of execution rating for the other 10 brokerage firms that were surveyed, what value would you predict for the overall satisfaction rating? (to 3 decimals) (to 4 decimals). So, a one unit points (to 1 decimal). Select your answer - ✓ in the speed of execution
The American Association of Individual Investors (AAII) On-Line Discount Broker Survey polls members on their experiences with discount brokers. As part of
the survey, members were asked to rate the quality of the speed of execution with their broker as well as provide an overall satisfaction rating for electronic
trades. Possible responses (scores) were no opinion (0), unsatisfied (1), somewhat satisfied (2), satisfied (3), and very satisfied (4). For each broker summary
scores were computed by calculating a weighted average of the scores provided by each respondent. A portion of the survey results follow (AAII website,
February 7, 2012).
Brokerage
Scottrade, Inc.
Charles Schwab
Fidelity Brokerage Services
TD Ameritrade
E*Trade Financial
Vanguard Brokerage Services
USAA Brokerage Services
Thinkorswim
Wells Fargo Investments
Interactive Brokers
Zecco.com
Speed
3.7
3.9
3.7
3.8
2.9
3.2
3.8
2.4
2.4
2.9
4.0
Satisfaction
3.5
3.9
3.5
3.6
2.5
2.7
3.8
2.2
2.4
3.0
3.6
Transcribed Image Text:The American Association of Individual Investors (AAII) On-Line Discount Broker Survey polls members on their experiences with discount brokers. As part of the survey, members were asked to rate the quality of the speed of execution with their broker as well as provide an overall satisfaction rating for electronic trades. Possible responses (scores) were no opinion (0), unsatisfied (1), somewhat satisfied (2), satisfied (3), and very satisfied (4). For each broker summary scores were computed by calculating a weighted average of the scores provided by each respondent. A portion of the survey results follow (AAII website, February 7, 2012). Brokerage Scottrade, Inc. Charles Schwab Fidelity Brokerage Services TD Ameritrade E*Trade Financial Vanguard Brokerage Services USAA Brokerage Services Thinkorswim Wells Fargo Investments Interactive Brokers Zecco.com Speed 3.7 3.9 3.7 3.8 2.9 3.2 3.8 2.4 2.4 2.9 4.0 Satisfaction 3.5 3.9 3.5 3.6 2.5 2.7 3.8 2.2 2.4 3.0 3.6
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