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Back to Assignment AttemptsKeep the Highestno score out of 2 /2 3. Comparing salaries from different times Consider golfers who led the Professional Golfers' Association
Back to Assignment
AttemptsKeep the Highestno score out of 2
/23. 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 Nicklaus, Trevino, and Stadler, use the formula for converting dollar figures from an earlier era into year 2017 U.S. dollars. Using those figures, fill in the following table, making sure to round your responses to the nearest U.S. dollar.
YearGolferNominal WinningsU.S. CPIWinnings in 2017 Dollars(Dollars)(1983 = 100)1965Jack Nicklaus140,75231.534,498,315 1970Lee Trevino157,03738.824,859 1982Craig Stadler446,46296.51,133,967 2017Justin Thomas9,921,560245.19,921,560
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