Is there a relationship between the raises administrators at State University receive and their performance on the job? A faculty group wants to determine whether job rating, (x) is a useful linear predictor of raise, (y). Using the method of least squares, the faculty group obtained the following prediction equation,y^=14,000+2,000x. Interpret the estimated y-intercept of the line.

Group of answer choices

For a 1-point increase in an administrator's rating, we estimate the administrator's raise to increase $14,000.

For an administrator who receives a rating of zero, we estimate his or her raise to be $14,000.

The base administrator raise at State University is $14,000.

There is no practical interpretation, since rating of 0 is nonsensical and outside the range of the sample data.