A bank developed a model for predicting the average checking and savings account balance as balance -18,927 +313 x age +1,286 x years education + 0.145 x household wealth. a. Explain how to interpret the numbers in this model. b. Suppose that a customer is 39 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? a. The number - 18,927 The number 313 The number 1,286 The number 0.145 A bank developed a model for predicting the average checking and savings account balance as balance 18,927+313x age +1,286 x years education +0.145x household wealth. a. Explain how to interpret the numbers in this model. b. Suppose that a customer is 39 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? a. The number -18,927 The number 313 The number 1,286 The number 0.145 does not have a meaningful interpretation. means that the average person has an account balance of $18,927. means that the average person spends $18,927 per year. means that the average person's account balance increases by $18,927 each year. A bank developed a model for predicting the average checking and savings account balance as - balance 18,927+313x age +1,286 x years education + 0.145 x household wealth. a. Explain how to interpret the numbers in this model. b. Suppose that a customer is 39 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? a. The number -18,927 The number 313 The nu The nu means that the average account balance increases by $313 for each year increase in age. means that the average account balance increases by $313 for each year increase in education. means that the average account balance decreases by $313 for each year increase in education. means that the average account balance decreases by $313 for each year increase in age. does not have a meaningful interpretation. A bank developed a model for predicting the average checking and savings account balance as balance 18,927 +313 x age +1,286 x years education + 0.145 x household wealth. a. Explain how to interpret the numbers in this model. b. Suppose that a customer is 39 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? a. The number -18,927 The number 313 The number 1,286 does not have a meaningful interpretation. means that the average account balance increases by $1,286 for each year increase in age. means that the average account balance increases by $1,286 for each year increase in education. means that the average account balance decreases by $1,286 for each year increase in age. means that the average account balance decreases by $1,286 for each year increase in education. A bank developed a model for predicting the average checking and savings account balance as =- balance 18,927 +313x age +1,286 x years education + 0.145 x household wealth. a. Explain how to interpret the numbers in this model. = b. Suppose that a customer is 39 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? a. The number -18,927 The number 313 The number 1,286 The number 0.145 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. does not have a meaningful interpretation. means that the average account balance decreases 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