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:

Psychiatrists

Medical doctors specialized in diagnosing, treating, and preventing mental illnesses, often with the ability to prescribe medication.

Contemporary

Pertaining to the same period or the current age; modern or current.

Mental Hospitals

Healthcare facilities specializing in the treatment and care of individuals with psychiatric disorders and mental health issues.

Antidepressant Medications

Drugs that are used to treat depressive disorders by altering chemical levels in the brain that affect mood and behavior.