You Were Told That the Amount of Time Lapsed Between

question 137

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 between 13 and 16 seconds?

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Definitions:

Low Reliability

Refers to the lack of consistency and dependability in the results produced by a testing method or measurement tool over time.

Low Validity

A measure of how well a test or research findings fail to accurately reflect the concept they are intended to measure.

Clinical Interviews

In-depth, structured or semi-structured, conversations used in psychological and medical contexts to assess a person's mental health or medical condition.

Behavioral Assessment

is a method of evaluating individuals' actions and reactions in specific contexts to understand their behavior patterns.