Ch. 1 #9 A bank developed a model for predicting the average checking and savings account balance = -17,732 + 367 x age + 1,300 x years education + 0.116 x household wealth. a. Explain how to interpret the numbers in this model. b. Suppose the 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? Ch. 2 #6 A pharmaceutical manufacturer has projected net profits for a new drug that is being released to the market over the next 5 years: Year 1 2 3 4 5 Net Profit $(300,000,000) $(145,000,000) $50,000,000 $125,000,000 $530,000,000