You Were Told That the Amount of Time Lapsed Between

question 137

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 13 and 16 seconds?

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Definitions:

Differential Reinforcement

A technique that applies reinforcement selectively to specific behaviors while excluding others, aiming to encourage desirable behavior changes.

Response Covariation

A phenomenon where changes in one behavior result in changes in another behavior, suggesting a relationship between behaviors.

Differential Reinforcement

The process of reinforcing a specific behavior while also applying different reinforcement contingencies for other behaviors.

Backward Chaining

A teaching technique that involves breaking down a task into smaller parts and teaching the last step first, moving backwards towards the first step.