When the student moves the jump rope up and down faster, the frequency of the wave increases. Frequency is defined as the number of waves produced in a given amount of time. Therefore, when the rope is waved more quickly, more waves pass a given point in the same amount of time, leading to an increase in frequency.
While speed of the wave is determined by the medium (in this case, the jump rope), and wavelength is inversely related to frequency, the most direct response to the action of moving the jump rope up and down faster is the increase in frequency.
So, the correct answer is: Frequency.