2.A bank developed a model for predicting the average checking and savings account balance as balance =-17,732 +367 * age +1,300* years education + 0.116 * household 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?
2.A bank developed a model for predicting the average checking and savings account balance as balance =-17,732 +367 * age +1,300* years education + 0.116 * household 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?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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