For the Situation Above, Give a Practical Interpretation Of $\hat { \beta } _ { 0 } = - 92040$

Multiple Choice

For the situation above, give a practical interpretation of $\hat { \beta } _ { 0 } = - 92040$ .

A) We estimate SALARY to decrease $\$ 92,040$ for every 1 -point increase in GMAT.
B) The value has no practical interpretation since a GMAT of 0 is nonsensical and outside the range of the sample data.
C) We estimate the base SALARY of graduates of a top business school to be $- \$ 92,040$ .
D) We expect to predict SALARY to within $2 ( 92040 ) = \$ 184,080$ of its true value using GMAT in a straight-line model.