You Were Told That the Amount of Time Lapsed Between

question 102

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%.The probability is 20% that the time lapsed will be shorter than how many seconds?

---

Definitions:

Host Country

The country in which a multinational company operates a facility or office, outside of its home country.

Managerial Control

Managerial control involves processes and systems that an organization uses to regulate activities and achieve its objectives by guiding employee behavior.

Longevity-Extending Mutations

Genetic mutations that have been identified to increase lifespan or significantly extend the healthy, disease-free period of an organism's life.

Reproductive Fitness

The ability of an individual or genotype to reproduce successfully and pass genes to the next generation.