You Were Told That the Amount of Time Lapsed Between

question 24

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 between 13 and 14 seconds?

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Definitions:

Navigation Pane

A feature in various software applications that allows users to easily browse through sections or features available within the application.

Query Design View

A feature in database software that provides a visual interface for designing and modifying queries, allowing users to specify criteria and join tables without writing SQL code.

Field Selector

A tool or feature that allows users to choose which fields or columns of data to display or operate on.

Query Design View

A graphical interface in database software that allows users to create queries by visually assembling them.