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 th 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. Suppose a portion of th survey results follow. Brokerage Speed Satisfaction A 3.4 3.5 B 3.3 3.2 3.4 3.9 D 3.6 3.9 E 3.2 2.9 F 3.8 2.8 G 3.8 3.6 H 2.6 2.6 I 2.7 2.3 4.0 4.0 K 2.5 2.5 These ratings data on x = the quality of the speed of execution and y = overall satisfaction with electronic trades provided the estimated regression equation ŷ = 0.128 + 0.931x. At the 0.05 level of significance, test whether speed of execution and overall satisfaction are related. (Use the F test.)

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ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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Set up the ANOVA table. (Round your for F to two decimal places and all other values to three decimal places.)
Source
Degrees
of Freedom
Sum
Mean
F
p-value
of Variation
of Squares
Square
Regression
1
2.2525
2.252
Error
9.
1.5275
0.1697
Total
10
3.78
Find the value of the test statistic. (Round your answer to two decimal places.)
13.2711
Find the p-value. (Round your answer to three decimal places.)
p-value =
0.05
What is your conclusion?
O Do not reject Ho. We cannot conclude that the relationship between speed of execution and overall satisfaction is significant.
Reject Ho. We conclude that the relationship between speed of execution and overall satisfaction is significant.
Do not reject Ho. We conclude that the relationship between speed of execution and overall satisfaction is significant.
Reject Ho. We cannot conclude that the relationship between speed of execution and overall satisfaction is significant.
Transcribed Image Text:Set up the ANOVA table. (Round your for F to two decimal places and all other values to three decimal places.) Source Degrees of Freedom Sum Mean F p-value of Variation of Squares Square Regression 1 2.2525 2.252 Error 9. 1.5275 0.1697 Total 10 3.78 Find the value of the test statistic. (Round your answer to two decimal places.) 13.2711 Find the p-value. (Round your answer to three decimal places.) p-value = 0.05 What is your conclusion? O Do not reject Ho. We cannot conclude that the relationship between speed of execution and overall satisfaction is significant. Reject Ho. We conclude that the relationship between speed of execution and overall satisfaction is significant. Do not reject Ho. We conclude that the relationship between speed of execution and overall satisfaction is significant. Reject Ho. We cannot conclude that the relationship between speed of execution and overall satisfaction is significant.
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. Suppose a portion of the
survey results follow.
Brokerage
Speed
Satisfaction
A
3.4
3.5
В
3.3
3.2
C
3.4
3.9
3.6
3.9
E
3.2
2.9
F
3.8
2.8
G
3.8
3.6
2.6
2.6
I
2.7
2.3
4.0
4.0
K
2.5
2.5
= overall satisfaction with electronic trades provided the estimated regression equation ŷ = 0.128 + 0.931x. At the 0.05 level of
These ratings data on x = the quality of the speed of execution and y
significance, test whether speed of execution and overall satisfaction are related. (Use the F test.)
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. Suppose a portion of the survey results follow. Brokerage Speed Satisfaction A 3.4 3.5 В 3.3 3.2 C 3.4 3.9 3.6 3.9 E 3.2 2.9 F 3.8 2.8 G 3.8 3.6 2.6 2.6 I 2.7 2.3 4.0 4.0 K 2.5 2.5 = overall satisfaction with electronic trades provided the estimated regression equation ŷ = 0.128 + 0.931x. At the 0.05 level of These ratings data on x = the quality of the speed of execution and y significance, test whether speed of execution and overall satisfaction are related. (Use the F test.)
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