A bank developed a model for predicting the average checking and savings account balance as balance = - 16,517 +364 x age + 1,328 x years education + 0.115 xhousehold wealth. a. Explain how to interpret the numbers in this model b. Suppose that a customer is 29 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 - 16,517 does not have a meaningful interpretation. The number 364 means that the average account balance increases by $364 for each year increase in age The number 1,328 means that the average account balance increases by $1,328 for each year increase in education The number 0.115 means that the average account balance increases by $0.115 for each $1 increase in household wealth b. The predicted bank balance is $ (Simplify your answer)

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