You Were Told That the Amount of Time Lapsed Between

question 6

Short Answer

You were told that the amount of time lapsed between consecutive trades on the New York Stock Exchange followed a normal distribution with a mean of 15 seconds. You were also told that the probability that the time lapsed between two consecutive trades to fall between 16 to 17 seconds was 13%. The probability that the time lapsed between two consecutive trades would fall below 13 seconds was 7%. What is the probability that the time lapsed between two consecutive trades will be longer than 17 seconds?

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Definitions:

Bipolar I Disorder

A mental health condition characterized by dramatic mood swings between manic episodes and depressive episodes, with mania being more severe than in Bipolar II Disorder.

Watchful Supervision

Close and continuous observation or guidance, especially in scenarios requiring oversight for safety or compliance.

Dysthymic Disorder

A chronic form of depression where a person's mood is regularly low, but symptoms are not as severe as in major depression.

Monopolizes Conversations

Describes a behavior where an individual dominates discussion, leaving little opportunity for others to contribute.