Heating degree-day using the high-low method


Problem:

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?

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Accounting Basics: Heating degree-day using the high-low method
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