You Were Told That the Amount of Time Lapsed Between

question 50

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 14 and 15 seconds?

---

Definitions:

Unethical

Actions or behaviors that are deemed wrong or unacceptable according to moral principles or societal standards.

Naturalistic Observation

An investigational approach where observers watch subjects in their inherent environments without any influence from the observer.

Survey Research

A method of gathering information from a sample of individuals through their responses to questions.

Applied Research

Research focused on finding practical solutions to real-world problems.