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:

Apparent Color

The color of an object as it is perceived by the human eye, which can differ under varying lighting conditions.

Fovea

A small depression in the retina where visual acuity is highest, due to the high density of cones (photoreceptor cells responsible for color vision).

Opponent-process Theory

A psychological and neurological model that explains a wide range of behaviors, including color vision and emotions, by proposing that elements are usually paired and oppose each other.

Negative Afterimages

Visual illusions that occur after looking at a brightly lit stimulus, resulting in seeing a reversed color (negative) image when the eyes focus on a neutral background.