Question: Salary Estimates question help: Please provide an explanation for analysis/answer for better understanding. A Boston-area computer firm hires an engineer with four years of experience

Salary Estimates question help: Please provide an explanation for analysis/answer for better understanding. A Boston-area computer firm hires an engineer with four years of experience and good-all-round qualifications. When asked to estimate the starting salary for this new employee, the secretary (knowing very little about the profession or the industry) guessed an annual salary of $75,000. What is your estimate? Explain your reasoning.

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