The Federal Reserve System publishes data on family income based
on its Survey of Consumer Finances. When the head of the household
has a college degree, the mean before-tax family income is $
85,250. Suppose that 56% of the before-tax family incomes when the
head of the household has a college degree are between $75,500 and
$95,000 and that these incomes are normally distributed. What is
the standard deviation of before-tax family incomes when the head
of the household has a college degree?
(Round the value of z to 2 decimal places. Round your
answer to 2 decimal places.)
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