Reference no: EM133072310
1. The data in TradeData 2020.csv contains the time in seconds of trades that occurred.
a.) What is the average inter-trade time?
b.) What is the probability that the next trade will occur in less than one second?
c.) What is the probability that the next trade will occur between 3 and 4 seconds?
d.) How many trades do you expect to occur in the next minute?
e.) This one is hard. Give it a try. What is the probability that between 35 and 40 trades, inclusive, will occur in the next minute?
2. The data in TradeData 2020.csv contains the sizes of trades that occurred.
a.) What is the average trade size?
b.) What is the probability that the next trade be a size of 1?
c.) What is the probability that the next trade will be between 5 and 10, inclusive?
3. Your team estimates that the cost to build a house will be between $100,000 and $300,000, but most likely to be $150,000. What is the probability the house will cost between $150,000 to 200,000?