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3. Comparing salaries from different times PS Consider golfers who led the Professional Golfers' Association of America (PGA) in winnings at different points in time.

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3. Comparing salaries from different times PS Consider golfers who led the Professional Golfers' Association of America (PGA) in winnings at different points in time. Note that the winnings are S nominal figures (unadjusted for inflation). To convert the original earnings of Palmer, Watson, and Kite, use the formula for converting dollar figures from an earlier era into year 2018 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 2018 Dollars 1963 Arnold Palmer 128,230 30.6 1980 Tom Watson 530,808 82.4 1981 Tom Kite 375,699 90.9 2018 Tiger Woods 5,443,841 251,1 5,443,841 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 False

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