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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
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, Watson, and Kite, use the formula for converting dollar gures from an earlier era into year 2018 U.S. dollars. Using those gures, ll in the following table, making sure to round your responses to the nearest U. 5. dollar. Nominal Winnings U.S. CPI Year Golfer (Dollars) (1983 = 100) Winnings in 2018 Dollars 1968 Billy Casper 205,169 34.8 Y 1980 Tom Watson 530,808 82.4 V 1981 Tom Kite 375,699 90.9 Y 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 not the same as the golfer with the highest PGA winnings after adjusting for inflation. 0 True 0 False
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