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Comparing salaries from different 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 winni nominal figures (unadjusted for inflation) ngs are To convert the original earnings of Casper, Miller, and Pavin, use the formula for converting dollar figures from an earlier era into year 2000 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 (Dollars) u.s. CPI Year Golfer 1968 Bily Casper (1983 100) 34.8 49.3 Winnings in 2000 Dollars 205,169 1974 Johnny Milr 353,022 1991 Corey Pavin 979,430 2000 Tiger Woods 9,188,321 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. True False MacBook Pro

Apr 02 2020 View more View Less

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