To convert the original earnings of Casper, Nicklaus, and Kite, 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 1968 Billy Casper 205,169 34.8 1973 Jack Nicklaus 308,362 44.4 1981 Tom Kite 375,699 90.9 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 the same as the golfer with the highest PGA winnings after adjusting for inflation. O True O False

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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 (unadjusted for inflation).
To convert the original earnings of Casper, Nicklaus, and Kite, 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
1968
Billy Casper
205,169
34.8
1973
Jack Nicklaus
308,362
44.4
1981
Tom Kite
375,699
90.9
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 the same as the golfer with the highest
PGA winnings after adjusting for inflation.
True
O False
100%
54°F Cloudy
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Delete
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*
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Nur
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96.
+ II
CO
Transcribed Image Text: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, Nicklaus, and Kite, 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 1968 Billy Casper 205,169 34.8 1973 Jack Nicklaus 308,362 44.4 1981 Tom Kite 375,699 90.9 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 the same as the golfer with the highest PGA winnings after adjusting for inflation. True O False 100% 54°F Cloudy PrtSc Insert Delete ト\ C F5 F6 F7 F8 F9 F10 F11 F12 F4 & * Backspace Nur Lo 96. + II CO
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