A bank developed a model for predicting the average checking and savings account balance as balance = -17,819 +374 age + 1,460 years education + 0.144 household wealth. a. Explain how to interpret the numbers in this model. b. Suppose that a customer is 32 years old, is a college graduate (so that years education = 16), and has a household wealth of $150,000. What is the predicted bank balance? a. The number - 17,819 The number 374 The number 1,460 The number 0.144 A bank developed a model for predicting the average checking and savings account balance as balance = - 17,819 +374 age + 1,460 years education + 0.144 household wealth. a. Explain how to interpret the numbers in this model. b. Suppose that a customer is 32 years old, is a college graduate (so that years education = 16), and has a household wealth of $150,000. What is the predicted bank balance? a. The number - 17,819 The number 374 The number 1,460 does not have a meaningful interpretation. The number 0.144 means that the average person's account balance increases by $17,819 each year. means that the average person has an account balance of $17,819. means that the average person spends $17,819 per year. Click to select your answer(s) and then click Check Answer. A bank developed a model for predicting the average checking and savings account balance as balance = - 17,819 +374 age + 1,460 years education + 0.144 household wealth. a. Explain how to interpret the numbers in this model. b. Suppose that a customer is 32 years old, is a college graduate (so that years education = 16), and has a household wealth of $150,000. What is the predicted bank balance? a. The number - 17,819 The number 374 The number 1,46 The number 0.14 means that the average account balance decreases by $374 for each year increase in age. means that the average account balance decreases by $374 for each year increase in education. means that the average account balance increases by $374 for each year increase in age. means that the average account balance increases by $374 for each year increase in education. does not have a meaningful interpretation. Click to select your answer(s) and then click Check Answer. A bank developed a model for predicting the average checking and savings account balance as balance = - 17,819 +374 age + 1,460 years education + 0.144 household wealth. a. Explain how to interpret the numbers in this model. b. Suppose that a customer is 32 years old, is a college graduate (so that years education = 16), and has a household wealth of $150,000. What is the predicted bank balance? a. The number - 17,819 The number 374 The number 1,460 The number 0.144 means that the average account balance decreases by $1,460 for each year increase in education. means that the average account balance increases by $1,460 for each year increase in age. means that the average account balance decreases by $1,460 for each year increase in age. means that the average account balance increases by $1,460 for each year increase in education. does not have a meaningful interpretation. Click to select your answer(s) and then click Check Answer. A bank developed a model for predicting the average checking and savings account balance as balance = -17,819 +374 age + 1,460 years education + 0.144 household wealth. a. Explain how to interpret the numbers in this model. b. Suppose that a customer is 32 years old, is a college graduate (so that years education = 16), and has a household wealth of $150,000. What is the predicted bank balance? a. The number - 17,819 The number 374 The number 1,460 The number 0.144 Click to select your does not have a meaningful interpretation. means that the average account balance increases by 0.144% for each $1 increase in household wealth. means that the average account balance decreases by $0.144 for each $1 increase in household wealth. means that the average account balance decreases by 0.144% for each $1 increase in household wealth. means that the average account balance increases by $0.144 for each $1 increase in household wealth. ?