You Were Told That the Amount of Time Lapsed Between

question 147

Short Answer

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?

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Definitions:

Meninx

Meninx (plural, meninges) refers to one of the three membranes (the dura mater, arachnoid mater, and pia mater) that cover the brain and spinal cord.

Periosteum

The periosteum is a dense layer of vascular connective tissue enveloping the bones except at the surfaces of the joints, serving as a site for attachment for muscles and bones.

Nervous System

A complex network of nerves and cells that carry messages to and from the brain and spinal cord to various parts of the body.

Meningitis

An inflammation of the protective membranes covering the brain and spinal cord, a condition that can be caused by infection with viruses, bacteria, or other microorganisms.