Suppose you are creating the spreadsheet below to track the gas rates.   A B C 1  Type of Customer     Original Rate New Rate 2 Industrial      3 Business      4 Residential      b. Based on the information in the article, what was the average monthly gas bill for a residential customer before the rate change? Round to the nearest dollar

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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2. Gas rates for residential customers will likely drop by 5.23 percent, starting Nov. 1. If the state Public Service Commission approves the lower rate, the average customer's monthly gas bill would drop by about $7.50 a month. Mountaineer's business customers will see their gas rates decline by about 4 percent, while industrial customer rates will drop 9.2 percent

a.

Suppose you are creating the spreadsheet below to track the gas rates.

  A B C
1  Type of Customer     Original Rate New Rate
2 Industrial     
3 Business     
4 Residential     

b. Based on the information in the article, what was the average monthly gas bill for a residential customer before the rate change? Round to the nearest dollar.

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