The spin-only magnetic moment, \( \mu \), for a transition metal ion is calculated using the formula:
\[
\mu = \sqrt{n(n+2)} \text{ BM}
\]
where \( n \) is the number of unpaired electrons.
For \( \text{Cr}^{3+} \), which has an electronic configuration of \( 3d^3 \) (reflecting the loss of three electrons from the neutral state of Cr), the number of unpaired electrons \( n \) is 3.
Calculating the magnetic moment:
\[
\mu = \sqrt{3(3+2)} = \sqrt{15} \approx 3.873 \text{ BM}
\]
Thus, the correct answer is \( \mu \approx 3.873 \text{ BM} \).