Question: A bank developed a model for predicting the average checking and savings account balance as balance =18,318+383 age +1,460 years education +0.149 household wealth. a.

A bank developed a model for predicting the average checking and

A bank developed a model for predicting the average checking and savings account balance as balance =18,318+383 age +1,460 years education +0.149 household wealth. a. Explain how to interpret the numbers in this model. b. Suppose that a customer is 29 years old, is a college graduate (so that years education =16 ), and has a household wealth of $190,000. What is the predicted bank balance

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