EP BUSINESS STATISTICS:FIRST COURSE-ACC
EP BUSINESS STATISTICS:FIRST COURSE-ACC
8th Edition
ISBN: 9780135179802
Author: Levine
Publisher: PEARSON CO
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An investors association's on-line discount broker survey polls members on their experiences with electronic trades handled by discount brokers. As part of the survey, members were asked to rate their satisfaction with the trade price and the speed of execution, as well as provide an overall satisfaction rating. 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 computing a weighted average of the scores provided by each respondent. A portion of the survey results follow. (Let x1 represent satisfaction with trade price, x2 represent satisfaction with speed of execution, and y represent overall satisfaction with electronic trades.) Brokerage Satisfaction with Trade Price Satisfaction with Speed of Execution Overall Satisfaction with Electronic Trades Brokerage 1 3.3 3.3 3.4 Brokerage 2 3.1 3.2 3.5 Brokerage 3 3.2 3.3 3.9 Brokerage 4 3.0 3.5 3.8…
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Compare and contrast the three types of responsibility centers. What is the best way to evaluate a manager's performance in each type of center? What is the problem with using only financial measures of performance?
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