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3.The lead analyst at an investment firm has recently analyzed the company's 403(b) clients and determined that the annual contribution is approximately normally distributed with
3.The lead analyst at an investment firm has recently analyzed the company's 403(b) clients and determined that the annual contribution is approximately normally distributed with a mean equal to $6,300. Further, he has determined that the probability a customer will contribute more than $14,000 is 0.025. Based on this information, what is the standard deviation of contributions to the 403(b) program?
The standard deviation is $(Round to the nearest cent as needed.)
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