Business: Financial Engineering Salaries Starting salaries in the United States for associates with master's degrees in financial engineering (FE) have been rising approximately linearly, from $74,800 in 2009 to $89,800 in 2013.
a. Use the two (year, salary) data points (0, 74.8) and (4, 89.8) to find the linear relationship y = mx + b between x = years since 2009 and y = salary in thousands of dollars.
b. Use your formula to predict a new FE associate’s salary in 2021. [Hint: Since x is years after 2009, what x-value corresponds to 2021?]
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