Consider golfers who led the Professional Golfers' Association of America (PGA) in winnings at different points in time. Note th

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Consider golfers who led the Professional Golfers' Association of America (PGA) in winnings at different points in time. Note th

at the winnings are nominal figures (unadjusted for inflation).
Year Golfer Nominal Winnings (Dollars) U.S. CPI (1983 = 100) Winnings in 2009 Dollars
1965 Jack Nicklaus 140,752 31.5
1970 Lee Trevino 157,037 38.8
1982 Craig Stadler 446,462 96.5
2009 Tiger Woods 10,508,163 214.5 10,508,163

Fill in the missing values in the table above.

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1 answer:

vova2212 [387] · Answer 1 · 2022-12-17T16:47:30+03:00

Answer:

Professional Golfers' Association of America (PGA)

Winnings at Different Points in Time

Year Golfer Nominal U.S. CPI Winnings

Winnings (Dollars) (1983 = 100) in 2009 Dollars

1965 Jack Nicklaus 140,752 31.5 958,454

1970 Lee Trevino 157,037 38.8 868,156

1982 Craig Stadler 446,462 96.5 992,395

2009 Tiger Woods 10,508,163 214.5 10,508,163

Explanation:

a) Data and Calculations:

Year Golfer Nominal U.S. CPI Winnings

Winnings (Dollars) (1983 = 100) in 2009 Dollars

1965 Jack Nicklaus 140,752 31.5

1970 Lee Trevino 157,037 38.8

1982 Craig Stadler 446,462 96.5

2009 Tiger Woods 10,508,163 214.5 10,508,163

Calculating the missing values:

Year Golfer Nominal U.S. CPI Winnings

Winnings (Dollars) (1983 = 100) in 2009 Dollars

1965 Jack Nicklaus 140,752 31.5 958,454 (140,752*214.5/31.5)

1970 Lee Trevino 157,037 38.8 868,156 (157,037*214.5/38.8)

1982 Craig Stadler 446,462 96.5 992,395 (446,462*214.5/96.5)

2009 Tiger Woods 10,508,163 214.5 10,508,163