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?

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Definitions:

Acquiring Suppliers

The process of taking over or purchasing suppliers to control the supply chain, reduce costs, or secure resources.

Distributors

Entities involved in the supply chain that purchase products from manufacturers and sell them to retailers or directly to consumers.

Diversification

A strategy of investing in a variety of assets to reduce exposure to any single asset or risk.

Different Business Area

Various sectors or divisions within a business environment that each focus on distinct operational or market-related activities.