1998 - 1999 Median Income

State Income Index

Alabama $36,640 117.6

Arkansas $29,019 93.2

Louisiana $32,556 104.5

Mississippi $31,152 100.0

The following table provides information about median incomes in four states for 1998 -

1999. Use this information to answer the questions that follow.

a. Which of the state incomes is the reference value? How do you know?

b. The 1998 - 1999 median income for Tennessee was $35,560. Find the income index for Tennessee, using your reference value from part a. 5