The Data Below Are the Average Monthly Temperatures, In ${ } ^ { \circ } \mathrm { F }$

question 33

Short Answer

The data below are the average monthly temperatures, in ${ } ^ { \circ } \mathrm { F }$ and the monthly natural gas consumption, in ccf,
for a household in northwestern Pennsylvania. What is the best-predicted value for the gas consumption, y,
given x = 50°F? Assume that the variables x and y have a significant correlation. $$\begin{array} { l | c c c c c c c c c } \text { Temperature } & 47 & 35 & 21 & 27 & 39 & 48 & 61 & 65 & 70 \\\hline \text { Consumption } & 34 & 169 & 248 & 134 & 137 & 100 & 19 & 34 & 12\end{array}$$

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Definitions:

Accumulated Depreciation

Overall depreciation expense tallied for a fixed asset since it started being used.

Accrued Salaries

Salaries that have been incurred but not yet paid, representing a liability for the company until payment is made.

Salaries Payable

A liability account that represents amounts owed to employees for services rendered but not yet paid.

Salaries Expense

The total amount paid to employees for services rendered during a specific period, classified as an operating expense.