Calculating Pay Ranges – the market pay regression line (after aging) is y = 900 + 0.5x. Your company’s pay policy is to lead the market by 5%. You are a compensation analyst, and your manager has
asked you to calculate the pay range maximumx, midpoints, and minimums for all four pay grades.

Questions: 1. Calculate the formula pay policy line. 2. Complete the table provided (in attachment) Draw a graph of the pay policy line, including the ranges for each pay grade.