You Were Told That the Amount of Time Lapsed Between

question 64

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 between 15 and 16 seconds?

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Definitions:

Memory Construction

The process by which the brain creates memories, not just by recalling but also by piecing together various fragments of information.

Dynamics

The branch of physics concerned with the study of forces and their effects on motion.

Illustrated

Described or explained with pictures or diagrams.

Reconsolidation

A process by which previously consolidated memories are recalled and then stored again for long-term memory, potentially altering the memory.