The correct interpretation of the point (3, 55) in the context of this problem is:
Roger and Bill are both 55 kilometers away from home after 3 hours.
In this case, the x-coordinate (3) represents the time in hours, and the y-coordinate (55) represents the distance from home in kilometers. Therefore, at the time of 3 hours, both Roger and Bill are at the same distance of 55 kilometers from home.