Question

3. Comparing salaries from different times Consider golfers who led the Professional Golfers' Association of America (PGA) in winnings at different points in time. Note that the winnings are nominal figures (unadjusted for inflation). To convert the original earnings of Casper, Miller, and Pavin, use the formula for converting dollar figures from an earlier era into year 2016 U.S. dollars. Using those figures, fill in the following table, making sure to round your responses to the nearest U.S. dollar. U.S. CPI (1983 = 100) Winnings in 2016 Dollars Year 1968 1974 Golfer Billy Casper Johnny Miller 34.8 Nominal Winnings (Dollars) 205,169 353,022 979,430 9,365,185 49.3 1991 2016 Corey Pavin Dustin Johnson 136.2 240.0 9,365,185 True or False: According to the previous table, the golfer with the highest PGA winnings in nominal dollars is the same as the golfer with the highest PGA winnings after adjusting for inflation. True False

Answer 1

UCIAN Winning in 2016 dillons - Nominal winnings / cpl of 2016 I cal of Eaggiun yar. 34.8 214,3 Year 1968 (Billy Casper) winning in 2016 dollars - 205169 (240) - 1414958. 6. p biming in 2016 dullesse 1414959. Year 1914 (Johnny tille) Winning in 2016 dollaro - 353022 ( 140 ) - 1118565.51 - Winning in 2016 dillers = 1718566. yar 1991 (Cory Powin) winning in 2016 dellacs 919430 ( 24 ) - 1125861.84 winning in 2016 delles - 1125868 year / Gulfer wenn Winning (vscpl Winning in 2016 & 1968 Billy Cupper 205109 34.8 1414959 1974 Johnny Miller 353022 49.3 lagi corre powin 929 430 136.2 1725368 2016 I Dustic Johnen 9365 185 240. TRUE: According to the previous table, the golfer with the highest GA winning in nominal dullaes is the same as the golfer with the highest PGA unning after adjusting for inflation 136.2 1713566 9305185