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For the Situation Above, Give a Practical Interpretation Of s=3213\mathrm { s } = 3213

Question 8

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For the situation above, give a practical interpretation of s=3213\mathrm { s } = 3213 .


A) We estimate SALARY to increase $3,213\$ 3,213 for every 1-point increase in GMAT.
B) We expect to predict SALARY to within 2(3213) =$6,4262 ( 3213 ) = \$ 6,426 of its true value using GMAT in a straight-line model.
C) Our predicted value of SALARY will equal 2(3213) =$6,4262 ( 3213 ) = \$ 6,426 for any value of GMAT.
D) We expect the predicted SALARY to deviate from actual SALARY by at least 2(3213) =$6,4262 ( 3213 ) = \$ 6,426 using GMAT in a straight-line model.

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