Develop the least squares estimated regressionequation. (to 3 decimals)
Suppose Wells Fargo Investments developed new software toincrease their speed of execution rating. If the new software isable to increase their speed of execution rating from the currentvalue of 2.2 to the average speed of execution rating for the other10 brokerage firms that were surveyed, what value would you predictfor the overall satisfaction rating?
(to 3 decimals)
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Solution Part a Here we have to find the regression equation for the prediction of the dependent variable satisfaction based on the independent variable speed The required regression model by using excel is
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