You Were Told That the Amount of Time Lapsed Between

question 38

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 15 and 16 seconds?

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Definitions:

A Proposition

A categorical proposition asserting that all members of the subject category are included in the predicate category, typically formulated as "All S are P."

Conclusion

The end or finish of an event, process, or text, often summarizing the points made.

Premises

Statements or propositions presented as a basis for a conclusion in an argument.

Enthymeme

An abbreviated syllogism or argument in which one of the premises or the conclusion is not explicitly stated but implied.