3. Adjusting for inflation 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 today's (year 2000) U.S. dollars. Using those figures, fill in the following table, making sure to round your responses to the nearest U.S. dollar. Nominal Winnings U.S. CPI Year Golfer (Dollars) (1983 = 100) Winnings in 2000 Dollars 1968 Billy Casper 205,169 34.8 1974 Johnny Miller 353,022 49.3 1991 Corey Pavin 979,430 136.2 2000 Tiger Woods 9,188,321 172.2 9,188,321 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 O False3. Adjusting for inflation Consider golfers who led the Professional Golfers' Association of America [PGA] in winnings at different points in lime. Note that the winnings are nominal gures (unadjusted for inflation). To convert the original earnings of Casper, Miller; and Pavin, use the formula for converting dollar gures from an earlier era into today's 1' year 2000) US. dollars. Using those figures, fill in the following table, making sure to round your responses to the nearest US. dollar. Nominal 1Winnings ll.S. CPI Year Golfer (Dollars) {1983 = 100) Winnings in zone Dollars 1968 Bilh,r Casper 205,169 34.8 v 1974 Johnny Miller 353,022 49.3 1991 Corey Pavin 929,430 136.2 v 2000 Tiger Woods 9,133,321 132.2 41.463 1,015,233 True or False: According to the previous table, the golfer with the highest in nominal dollars is the same as the golfer with the highest PGA winnings after adjusting for ination. 1'020'233 35,330,102 O True O False 3. Adjusting for inflation Consider golfers who led the Professional Golfers' Association of America [PGA] in winnings at different points in time. Note that the winnings are nominal gures (unadjusted for inflation]. To convert the original earnings of Casper, Miller; and Pavin, use the formula for converting dollar gures from an earlier era into today's (year 2000) US. dollars. Using those figures, fill in the following table, making sure to round your responses to the nearest 0.3. dollar. Nominal 1Winnings 0.5. CPI Year Golfer (Dollars) {1983 = 100) Winnings in anon Dollars 1958 Bill's:r Casper 205,169 34.8 v 1924 Johnny Miller 353,022 49.3 v 1991 Coreyr Pavin 929,430 136.2 7 2000I Tiger Woods 9,188,321 1?2.2 101,068 True or False: According to the previous table, the golfer with the highest in nominal dollars is the same as the golfer with the highest 1,148,0?1 PGA winnings after adjusting for ination. 1,233,021 0 True 60,790,388 0 False 3. Adjusting for inflation 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 today's (year 2000) U.S. dollars. Using those figures, fill in the following table, making sure to round your responses to the nearest U.S. dollar. Nominal Winnings U.S. CPI Year Golfer (Dollars) (1983 = 100) Winnings in 2000 Dollars 1968 Billy Casper 205,169 34.8 1974 Johnny Miller 353,022 49.3 1991 Corey Pavin 979,430 136.2 2000 Tiger Woods 9,188,321 172.2 5,688 True or False: According to the previous table, the golfer with the highest 774,671 In nominal dollars is the same as the golfer with the highest PGA winnings after adjusting for inflation. 1,238,310 O True 1,243,310 O False 168,657,846