Linear Regression – Predicting a new employee’s ‘Salary’ from their ‘Years of Experience’

The Business Challenge: We need to know which salary to assign to a person depending on how many years of experience they have in the business. We have a prospective employee with 5 years of experience, and we need to know how much we should pay them. Based on the data we have about 30 employees; their Years of Experience and their Salary, can we predict an employee's Salary only given their Years of Experience?

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