Mathematics, 29.09.2021 17:00 qwemnb7401
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, Miller, and Pavin, use the formula for converting dollar figures from an earlier era into year 2016 U. S. dollars. Using those figures, fill in the following table, making sure to round your responses to the nearest U. S. dollar.
YEAR. GOLFER. NOMINAL WINNINGS. US CPI (1983=100). WINNINGS 2016 $
1968. Casper. 205,169 34.8. ???
1974. Miller. 353,022. 49.3. ???
1991. Pavings. 979,430. 136.2. ???
2016. Johnson. 9,365,185. 240.0. ???
True or false: Accordin 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 or false?
Answers: 2
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