Replace Select One in dropdown menu with No

gistfile1.js

<?php
//* Do NOT include the opening php tag

//* Replace Select One in dropdown menu with No
function ee_rename_select_one() {
?>
<script type="text/javascript">
jQuery(document).ready(function () {
jQuery(".event_form_field").html(function(i,t){
  return t.replace('Select One','No');
});
</script>
<?php
}
add_action( 'wp_footer', 'ee_rename_select_one' );