You Were Told That the Amount of Time Elapsed Between

question 99

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 middle 86% of the time elapsed will fall between which two numbers?

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Definitions:

Counterargument

An argument made to oppose or refute another argument, typically used in debates or in constructing persuasive essays.

Interpretive Comments

Observations or explanations that are based on personal judgment or analysis, often offering insight into meaning or context.

Clarify

To make something less confused and more clearly comprehensible.

Rule Of Thumb

A widely accepted guideline or method based on practical experience rather than theory.