3. Comparing salaries from different times Consider golfers who led the Professional Golfers' Association of America (PG

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3 Comparing Salaries From Different Times Consider Golfers Who Led The Professional Golfers Association Of America Pg 1 (26.22 KiB) Viewed 28 times

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 Nelson, Miller, and Pavin, 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 1945 Byron Nelson 63,336 18 1974 Johnny Miller 353,022 49.3 1,798,049 1991 Corey Pavin 136.2 979,430 5,443,841 2018 Tiger Woods 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. O True O False