You Were Told That the Amount of Time Lapsed Between

question 6

Short Answer

You were told that the amount of time lapsed between consecutive trades on the New York Stock Exchange followed a normal distribution with a mean of 15 seconds. You were also told that the probability that the time lapsed between two consecutive trades to fall between 16 to 17 seconds was 13%. The probability that the time lapsed between two consecutive trades would fall below 13 seconds was 7%. What is the probability that the time lapsed between two consecutive trades will be longer than 17 seconds?

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Definitions:

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Cultural Heritage

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The chain of authorized sellers or distributors setup by a company to retail its products directly to the end consumer.

International Labor Organization

The International Labor Organization is a United Nations agency focused on promoting rights at work, enhancing social protection, and strengthening dialogue on work-related issues.