A bank developed a model for predicting the average checking and savings account balance as balance = - 17,732 + 367 * age + 1300 * years education + 0.116 * household wealth.
a. Explain how to interpret the numbers in this model.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A bank developed a model for predicting the average checking and savings account balance as balance = - 17,732 + 367 * age + 1300 * years ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A sugar company that is worried that consumers may buy artificial sweetener instead of sugar is concerned about the A. bargaining power of buyers. B. bargaining power of suppliers. C. rivalry among existing firms. D. threat of new entrants. E.
Answers (1)
Cost of goods manufactured $68,250 Direct materials used 27,000 Direct labor incurred 25,000 Work in process inventory, January 1 11,000 Factory overhead is 75% of the cost of direct labor. Work in process inventory on December 31 is a.$13,500 b.
Answers (1)
Giorgio Italian Market bought $11,000 worth of merchandise from Food Suppliers and signed a 45-day, 8% promissory note for the $11,000. Food Supplier's journal entry to record the sales transaction is:
Answers (1)
How is the idea of "strategic intent" different from models of strategy that emphasize achieving a fit between the firm's strategies and its current strengths, weaknesses, opportunities and threats (SWOT) ?
Answers (1)
Identify the following as True or False: 1. If two short-term assets offer different interest rates, then investors will move their wealth towards the asset with the lower return. 2.
Answers (1)
New Questions in Business
Executive orders 12674 and 12731 form the foundation policy on the ethical conduct of Federal Employees
Answers (1)
What performance appraisal method relies on multiple sources to provide information about an employee's performance? A. Behaviorally anchored rating scale B. 360-degree feedback evaluation method C. Critical incident technique D.
Answers (1)
Nominal GDP, Exports, and Imports Year Nominal GDP ($ billions) Exports ($ billions) Imports ($ billions) 2015 $17,172.7 $2,344.0 $2,815.4 2016 17,806.7 2,372.7 2,924.
Answers (1)
What purpose do the three original documents that are required to receive a social security card and number serve?
Answers (1)
A tax meets the standard of sufficiency if it is easy for people to pay the tax. a. True b. False
Answers (1)