You Were Told That the Amount of Time Lapsed Between

question 31

Essay

You were told that the amount of time lapsed 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 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 longer than 17 seconds?

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Definitions:

Share Capital

The total amount of money that a company has raised from investors through the sale of shares.

Corporation Acts

Laws and regulations that govern the formation, operation, and dissolution of corporations.

Market Capitalization

The total value of a company's outstanding shares of stock, calculated by multiplying the current market price of one share by the total number of shares.