You Were Told That the Amount of Time Elapsed Between

question 171

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 longer than 17 seconds?

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Definitions:

Followers and Obedience

The dynamic where individuals adhere to the directives and guidance of a leader or authority figure.

Ethical Behavior

Conduct that aligns with widely accepted moral principles and standards.

Blind Obedience

The act of following orders or instructions without questioning them or considering their implications, often because of perceived authority of the issuer.

Corporate Social Responsibility

A business model that helps a company to be socially accountable—to itself, its stakeholders, and the public. By practicing corporate social responsibility, companies can be conscious of the kind of impact they are having on all aspects of society, including economic, social, and environmental.