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:

Autocratic Decision

A decision-making style where the leader unilaterally decides without input or consultation from others.

Participative Leadership

A leadership style where the leader involves team members in decision-making processes, valuing their input and fostering collaboration.

Higher Satisfaction

relates to an elevated level of contentment or fulfillment, often in reference to job, life, or specific experiences.

Delegate Tasks

The process of assigning responsibilities or authority to another person, usually from a manager to a subordinate, to carry out specific activities or tasks.