You Were Told That the Amount of Time Elapsed Between

question 86

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 15 and 16 seconds?

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Definitions:

Full-Service Broker

A financial services professional who provides a wide range of investments advice and management, including research and personalized advice.

Discount Broker

A brokerage firm that provides transaction execution services without offering investment advice, often at lower costs than full-service brokers.

Commission Fee

A service charge assessed by a broker or agent for facilitating a transaction, typically a percentage of the transaction amount.

Fiscal Year

A one-year period that companies and governments use for financial reporting and budgeting, which may not coincide with the calendar year.