You Were Told That the Amount of Time Lapsed Between

question 92

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%. The middle 60% of the time lapsed will fall between which two numbers?

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Definitions:

Echoic Memory

A component of sensory memory that retains audio information, allowing the brain to capture and briefly hold sounds after the original stimulus has ceased.

Watered Down

Refers to making something less forceful or less effective, often by dilution or modification.

Transmission

The process of conveying information, signals, or messages from one person or place to another, through verbal, non-verbal, or technological means.

Mum Effect

The tendency to avoid communicating unfavourable news to others.