The high-low method
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Donald Erickson uses gas to heat his home. He has accumulated the following information regarding his monthly gas bill and monthly heating degree-days. The heating degree-days value for a month is found by first subtracting the average temperature for each day from 65 degrees and then summing these daily amounts together for the month.
Heating
Month Degree-Days Gas Bill
January 1,800 $162
April 600 $ 66
What will be the increase in Donald's monthly gas bill per heating degree-day using the high-low method?
*Note: Attached file with problem
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Solution Summary
Solution shows calculations of the increase in Donald's monthly gas bill per heating degree-day using the high-low method.
Solution Preview
Highest heating degree-days = 1800 in month of January and corresponding monthly cost of Gas bill ...
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