Business, 27.02.2020 05:09, isabelsmhl

A bank developed a model for predicting the average checking and savings accuont balance as 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 that a customer is 32 years old, is a college graduate (so that years educaiton = 16) and has a household wealth of $150,000. What is the predicted bank balance?

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 19:20, BluSeaa

In 2007, americans smoked 19.2 billion packs of cigarettes. they paid an average retail price of $4.50 per pack. a. given that the elasticity of supply is 0.50.5 and the elasticity of demand is negative 0.4−0.4, derive linear demand and supply curves for cigarettes. the demand equation is qdequals=nothingplus+nothing times ×p and the supply equation is qsequals=nothingplus+nothing times ×p.

Answers: 2

continue

Business, 22.06.2019 01:40, Cosio

Kis the insured and p is the sole beneficiary on a life insurance policy. both are involved in a fatal accident where k dies before p. under the common disaster provision, which of these statements is true?

Answers: 1

continue

Business, 22.06.2019 15:30, graciemccain

On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.

Answers: 3

continue

Business, 22.06.2019 17:50, primmprincess312

Which of the following statements is true of unsought products? as compared to convenience products, unsought products are purchased more frequently. unsought products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort. a life insurance policy is an example of an unsought product. unsought products have strong brand identification for which a significant group of buyers is willing to make a special purchase effort. unsought products are those products purchased for further processing or for use in conducting a business.

Answers: 2

continue

Do you know the correct answer?

A bank developed a model for predicting the average checking and savings accuont balance as balance...