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 80% that the time lapsed will be longer than how many seconds?

What will be an ideal response?

14 seconds

Business

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Cranston Instrumentation sold a depreciable asset for cash of $150,000. The original cost of the asset was $600,000. Cranston recognized a gain of $22,500 on the sale. What was the amount of accumulated depreciation on the asset at the time of its sale?

A. $472,500. B. $127,500. C. $577,500. D. $495,000.

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In Delaware, lawsuits involving corporations are tried in a special court called

a. corporate court. b. CEO's court. c. common court. d. chancery court.

Business