The following table contains the current salary of the members of the accounting department of Rainbow Life.Employee NumberJob LevelJob EvaluationPointsAnnualSalary $($C$$)1$Accountant I $80,0002$Accountant I $80,0003$Accountant I $81,0004$Accountant I $81,5005$Accountant I $85,0006$Accountant I $90,0007$Accountant I $91,0008$Accountant I $92,0009$Accountant I $93,00010$Accountant I $95,00011$Accountant I $95,50012$Accountant II $90,00013$Accountant II $94,00014$Accountant II $95,00015$Accountant II $96,00016$Accountant II $100,00017$Accountant II $101,00018$Accountant II $105,00019$Accountant II $107,00020$Accountant II $107,00021$Accountant II $108,00022$Accountant II $109,00023$Accountant III $105,00024$Accountant III $109,00025$Accountant III $109,00026$Accountant III $110,00027$Accountant III $110,00028$Accountant III $110,50029$Accountant III $112,00030$Accountant III $115,00031$Accounting Manager $120,00032$Accounting Manager $127,500$Plot the salary data against the job evaluation points you calculated. The annual salary in dollars is the Y axis, the job evaluation score, in points, is the X axis.Calculate a best fit salary line and, using that line, develop an equation for converting job evaluation points into an annual salary. $($i$.$e$.$ y $=$ mx $+$ b where the salary equals y$,$ and the number of job evaluation points equals x$).$ You may use any application software you wish to create the salary line $($e$.$g$.$ Excel$).$ You can also do it manually by plotting the graph on paper.Using your formula, calculate $($or estimate$)$ the average salary that should be paid to a fully competent employee, for a new job at Rainbow Life worth $800$ job evaluation points. $3$ Plot the salary data against the four accounting jobs. That is$,$ the annual salary is on the Y axis, and each of the four jobs, in increasing order of job level is on the X axis. Use this data to create a recommended salary range for each job. That is$,$ for each job, recommend a starting salary, a job rate and a maximum salary$\mathrm{.}4$ Assume that employees $2,3,4$ and $6$ are female. Is there a pay equity problem with the job Accountant I? $5$ Assuming that Rainbow Life wanted to pay their accounting staff, on average, at the $70$th percentile of the average salaries paid by their competition in the Toronto marketplace, how would you go about doing that?