Chapter 06 Homework Back to Assignment Attempts 0.7 1 Keep the Highest 1 / 2 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 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. Nominal Winnings U.S. CPI Year Golfer Dollars) (1983 = 100) Winnings in 2017 Dollars 1965 Jack Nicklaus 140,752 31.5 1,095,185 1970 Lee Trevino 157,037 8.8 992,004 1982 Craig Stadler 446,462 96.5 1,133,967 2017 Justin Thomas 9,921,560 245.1 9,921,560 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 Grade It Now Save & Continue Continue without saving (DELL