Attempts Average / 2 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 Palmer, Trevino, and Norman, 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 1963 Arnold Palmer 128,230 30.6 1970 Lee Trevino 157,037 38.8 745 1986 Greg Norman 653,296 109.6 2000 Tiger Woods 9,188,321 172.2 22,787 696,608 True or False: According to the previous table, the golfer with the highest nominal dollars is not the same as the golfer with the highest PGA winnings after adjusting for inflation. 721,608 22,081,206 True O FalseAttempts Average / 2 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 Palmer, Trevino, and Norman, 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 1963 Arnold Palmer 128,230 30.6 1970 Lee Trevino 157,037 38.8 1986 Greg Norman 653,296 109.6 912 2000 Tiger Woods 9,188,321 172.2 35,383 True or False: According to the previous table, the golfer with the highest F 696,953 nominal dollars is not the same as the golfer with the highest PGA winnings after adjusting for inflation. 746,953 True 27,041,771 O FalseAttempts Average / 2 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 Palmer, Trevino, and Norman, 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 1963 Arnold Palmer 128,230 30.6 1970 Lee Trevino 157,037 38.8 1986 Greg Norman 653,296 109.6 2000 Tiger Woods 9,188,321 172.2 3,794 True or False: According to the previous table, the golfer with the highest 415,803 nominal dollars is not the same as the golfer with the highest PGA winnings after adjusting for inflation. 941,438 O True 1,026,438 False 112,497,571Attempts Average / 2 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 Palmer, Trevino, and Norman, 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 1963 Arnold Palmer 128,230 30.6 1970 Lee Trevino 157,037 38.8 1986 Greg Norman 653,296 109.6 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 not the same as the golfer with the highest PGA winnings after adjusting for inflation. O True False