A bank developed a model for predicting the average checking and savings account balance as balance-16,908 380xage + 1,421 x years education 0.145 x household wealth. a. Explain how to interpret the numbers in this model. b. Suppose that a customer is 34 years old, is a college graduate (so that years education=16), and has a household wealth of $130,000. What is the predicted bank balance? a. The number - 16,908 The number 380 The number 1,421 The number 0.145 means that the average person has an account balance of $16,908. does not have a meaningful interpretation. means that the average person spends $16,908 per year. means that the average person's account balance increases by $16,908 each year. A bank developed a model for predicting the average checking and savings account balance as balance-16,908+380x age +1,421x years education + 0.145 x household wealth. a. Explain how to interpret the numbers in this model. b. Suppose that a customer is 34 years old, is a college graduate (so that years education=16), and has a household wealth of $130,000. What is the predicted bank balance? a. The number -16,908 The number 380 The number 1,42 The number 0.14 means that the average account balance increases by $380 for each year increase in education. does not have a meaningful interpretation. means that the average account balance increases by $380 for each year increase in age. means that the average account balance decreases by $380 for each year increase in age. means that the average account balance decreases by $380 for each year increase in education. A bank developed a model for predicting the average checking and savings account balance as balance=-16,908+ 380 x age +1,421x years education 0.145 x household wealth. a. Explain how to interpret the numbers in this model. b. Suppose that a customer is 34 years old, is a college graduate (so that years education=16), and has a household wealth of $130,000. What is the predicted bank balance? a. The number -16,908 The number 380 The number 1,421 The number 0.145 means that the average account balance increases by $1,421 for each year increase in age. means that the average account balance decreases by $1,421 for each year increase in age. means that the average account balance increases by $1,421 for each year increase in education does not have a meaningful interpretation. means that the average account balance decreases by $1,421 for each year increase in education. A bank developed a model for predicting the average checking and savings account balance as balance=-16,908 +380xage + 1,421 x years education + 0.145 x household wealth. a. Explain how to interpret the numbers in this model b. Suppose that a customer is 34 years old, is a college graduate (so that years education 16), and has a household wealth of $130,000. What is the predicted bank balance? a. The number -16.908 The number 380 The number 1,421 The number 0.145 means that the average account balance decreases by 0.145 % for each $1 increase in household wealth. means that the average account balance increases by $0.145 for each $1 increase in household wealth. means that the average account balance increases by 0.145 % for each $1 increase in household wealth. means that the average account balance decreases by $0.145 for each $1 increase in household wealth. does not have a meaningful interpretation.