You Were Told That the Amount of Time Lapsed Between

question 148

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 14 seconds?

---

Definitions:

Delimitations

Boundaries or limitations that researchers set within their studies to narrow the scope of the investigation.

Limitations

Refers to the constraints or restrictions that prevent certain actions or outcomes.

Research Material

Resources or data gathered for the purpose of conducting a study or investigation into a specific subject or area.

Specialized Audiences

Specific groups of people with particular interests or knowledge that targeted communications are directed towards.