It could be called...
the waiting period
intermission
interim
interval
break
rest
recess
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Elapsed time refers to the time that passes between two events.
Elapsed time
To find the average speed between time=0 and time=2, divide the distance traveled by the time (in this case 2 seconds).
What is the difference between dependant and independent events in terms of probability
they are events that can't occur at the same time. For example, you toss a coin you get head or tails. These are complementary events since you can't have both at the same time, only one!