You Were Told That the Amount of Time Elapsed Between

question 26

Short Answer

You were told that the amount of time elapsed between consecutive trades on a foreign stock exchange market followed a normal distribution with a mean of 15 seconds.You were also told that the probability that the time elapsed between two consecutive trades to fall between 16 to 17 seconds was 13%.The probability that the time elapsed between two consecutive trades would fall below 13 seconds was 7%.What is the probability that the time elapsed between two consecutive trades will be between 13 and 14 seconds?

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Definitions:

Emergent Groups

Groups that arise spontaneously based on shared interests or goals, often in response to specific situations or challenges.

Psychological Groups

Collections of individuals bonded by shared interests, goals, or identities, which significantly impact their members' psychological well-being and social behaviors.

Organisations

Structured groups of people who come together to achieve specific goals, characterized by having systems of governance and processes.