Multiple Choice
The average time between trades for a high-frequency trading investment firm is 40 seconds. Assume the time between trades is exponentially distributed. What is the probability that the time between trades for a randomly selected trade and the one proceeding it is more than a minute?
A) 0.2231
B) 0.4869
C) 0.5134
D) 0.7769
Correct Answer:
Verified
Correct Answer:
Verified
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