Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help Your finance company start-up is launching a new stock trading service. You collect data on how customers rate the quality of the speed

Please help

image text in transcribed
Your finance company start-up is launching a new stock trading service. You collect data on how customers rate the quality of the speed of transactions as well as customers' overall satisfaction with the company. Possible scores on each are (0) not satisfied at all, (1) a little satisfied, (2) mostly satisfied, (3) completely satisfied. In the table below, you see weighted/averages scores for several existing grading companies. The independent (explanatory) variable is speed satisfaction. Broker Speed satisfaction Overall satisfaction TD 3.4 3.43 ETrade 3.47 3.33 CharlesSchwab 3.4 3.98 MerrillLynch 3.42 3.74 Robinhood 3 .1 2.78 Fidelity 3.69 2.72 Vanguard 3.91 3.49 Acorns 2.57 2.63 Well Fargo 2.65 2.3 Scott 3.8 3.96 Bank of America 2.53 2.4 Compute the equation of the linear regression line in the form y = max + b , where m is the slope and b is the intercept. Answer: y = (Round to three decimal places) Compute the correlation coefficient for this data set. Use at least 3 decimal places. (Round if necessary) Answer: r = Compute the P-value (Use HA: slope # 0 for the alternative hypothesis.) Answer: P-value = (Round to three decimal places) At the alpha = 0.05 significance level, is the correlation significant? Yes, significant correlation No What is an appropriate prediction for the overall satisfaction if a broker's speed rating is 3.47? Answer = (Round to two decimal places)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A First Course In Differential Equations

Authors: J David Logan

3rd Edition

3319178520, 9783319178523

More Books

Students also viewed these Mathematics questions

Question

7. How can an interpreter influence the utterer (sender)?

Answered: 1 week ago

Question

8. How can an interpreter influence the message?

Answered: 1 week ago