You Were Told That the Amount of Time Elapsed Between

question 110

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 60% of the time elapsed will fall between which two numbers?

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Definitions:

Sensory Deprivation

Sensory deprivation is the intentional reduction or removal of stimuli from one or more of the senses, which can lead to unique cognitive and perceptual experiences.

Visual Hallucinations

Perceptions of seeing something that is not present in reality, often occurring in conditions affecting the brain such as schizophrenia or Parkinson's disease.

Signal Detection Theory

A means to quantify the ability to discern between information-bearing patterns and random patterns that distract from the information.

Response Bias

A wide range of cognitive biases that influence the responses of participants away from an accurate or truthful response.