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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).

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.

Sagot :

Anthougoidn

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

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