You Were Told That the Amount of Time Elapsed Between

question 19

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

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Definitions:

Toggle Filter

A toggle filter is a user interface feature that allows users to easily switch on or off a filter applied to data or content, such as in a spreadsheet or database.

Criteria

A set of standards or rules by which something can be judged or decided.

Datasheet

A digital or printed table that lists data in a structured format, often used in spreadsheets and databases.

Query Grid

A query grid is a visual tool in database software that allows users to construct and visualize SQL queries by arranging tables, fields, and conditions in a grid-like interface.