Answer: Suppose that the starting salaries for faculty at Super University ... distribution with mean of $80,000 and standard deviation of $10,000. ... chosen starting faculty member has a salary greater than $90,000? ... If a teacher is selected at random, find the probability that he or she makes more than $36,000.
Explanation:
The type of economic system Hamsterville has is referred to as mixed economy system.
<h3>What is Mixed economy system?</h3>
This type of market system is characterized by the coexistence of free market system with government interference.
We were told that some goods are provided by the government which depicts a mixed economy system.
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he survey found these prominent economists all strongly in favor of the U.S. government spends billions of dollars annually in foreign aid to developing countries. Protectionism benefits a relatively small group of special interests. The political pressures to grant monopolistic privileges are so strong.