You Were Told That the Amount of Time Elapsed Between

question 14

Short Answer

You were told that the amount of time elapsed between consecutive trades on a foreign stock exchange market followed a normal distribution with a mean of 15 seconds.You were also told that the probability that the time elapsed between two consecutive trades to fall between 16 to 17 seconds was 13%.The probability that the time elapsed between two consecutive trades would fall below 13 seconds was 7%.What is the probability that the time elapsed between two consecutive trades will be between 14 and 17 seconds?

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Definitions:

Procedural Memory

A form of memory that lasts for a long time, dedicated to remembering the processes and techniques involved in performing various tasks and abilities.

Declarative Memory

A type of long-term memory that involves the conscious recall of facts and events.

Episodic Memory

A type of long-term memory that involves the recollection of specific events, situations, and experiences.

Anterograde Amnesia

A memory disorder that affects the ability to form new memories following the event that caused the amnesia, making it difficult to remember recent events or new information.