Soleil Enterprise uses regression analysis on 24 months of data.  The dependent variable is overhead costs and the independent variable is machine hours.  The coefficient of determination is 0.83. Which of the following is true?

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Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.