Question: Keep the Highest: 0/2 3. Comparing salaries from different times Consider golfers who led the Pro…

30 Apr Question: Keep the Highest: 0/2 3. Comparing salaries from different times Consider golfers who led the Pro…

Posted at 19:06h in 2Past Paper by Exams

Keep the Highest: 0/2 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 earniigs of Nelson, Nicklaus, and Stadier, use the formula for converting dollar figures from an earlier era into year 2000 us 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 (Dollars) (1983 100) Winnings in 2000 Dollars Year 1945 Byron Nelson 1972 Jack Nicklaus 1982 Craig Stadler 2000 Tiger Woods Golfer 63,336 320,542 446,462 9,188,321 18 41.8 96.5 172.2 Close Explanation A

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