You Were Told That the Amount of Time Elapsed Between

question 26

Short Answer

You were told that the amount of time elapsed between consecutive trades on a foreign stock exchange market followed a normal distribution with a mean of 15 seconds.You were also told that the probability that the time elapsed between two consecutive trades to fall between 16 to 17 seconds was 13%.The probability that the time elapsed between two consecutive trades would fall below 13 seconds was 7%.What is the probability that the time elapsed between two consecutive trades will be between 13 and 14 seconds?

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Definitions:

Theory of Planned Behavior

A theory that predicts an individual's intention to engage in a behavior at a specific time and place, considering attitudes, subjective norms, and perceived behavioral control.

Intention Regarding Behavior

A person's commitment or decision to perform a specific behavior or action.

Attitude

A psychological construct representing an individual's degree of like or dislike, favor or disfavor, toward an object, person, thing, or event.

Self-Efficacy

An individual's belief in their own ability to complete tasks and achieve goals, affecting motivation and performance in various settings.