You Were Told That the Amount of Time Lapsed Between

question 117

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 86% of the time lapsed will fall between which two numbers?

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Definitions:

State Hospitals

Public hospitals administered by the government, often specifically for mental health care, rehabilitation, or long-term illness.

Mid-1900s

The period from 1950 to 1999, often considered a time of significant social, economic, and technological change.

Institutionalization

The process by which individuals become reliant on an institution for their social support, often leading to the loss of independence and autonomy.

Schizophrenia

An intense psychiatric disorder distinguished by variations in thought processes, sensory experiences, affect, verbal expression, self-conception, and activity.