You Were Told That the Amount of Time Lapsed Between

question 102

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 probability is 20% that the time lapsed will be shorter than how many seconds?

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Definitions:

Homosexuality

A sexual orientation characterized by a romantic or sexual attraction to individuals of the same gender.

Psychological Disorders

Mental health conditions characterized by disturbances in thought, emotion, or behavior, leading to distress or impaired functioning.

Acculturation

The process of adaptation by an ethnic group to the attitudes, behaviors, and values of the dominant culture.

Dominant Culture

The prevailing culture in a society, characterized by its widespread influence and power over social norms, values, and practices.