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:

Inconsistent

Referring to something that does not always behave or respond the same way every time, leading to unpredictability.

Ages

The various stages of life or periods of history marked by distinct characteristics or events.

Chronically Distressed Infants

babies who experience prolonged periods of distress, often due to medical conditions, environmental factors, or caregiving deficits.

Infant Crying

A baby's way of communicating needs or discomfort, ranging from hunger, tiredness, need for diaper change, or desire for attention and comfort.