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Author Question: A population parameter is used to estimate a confidence interval. Indicate whether the statement ... (Read 127 times)

WhattoUnderstand

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on: Jun 24, 2018
A population parameter is used to estimate a confidence interval.
 
  Indicate whether the statement is true or false

Question 2

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 17 seconds?
 
  What will be an ideal response?


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cam1229

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Reply #1 on: Jun 24, 2018
Answer to Question 1

FALSE

Answer to Question 2

73 or 0.73


WhattoUnderstand

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

phuda

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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