You Were Told That the Amount of Time Lapsed Between

question 22

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 14 and 15 seconds?

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Definitions:

Bridewealth

The money or valuable goods paid by the groom or his family to the bride's family upon marriage; also called bride-price.

Anthropological Kinship Chart

A visual representation used in anthropology to diagram the relationships between individuals in a culture's system of kinship.

Nuclear Families

A family unit consisting of two parents (usually a husband and wife) and their biological or adopted children.

Parental Property

Assets and possessions owned by one's parents, often discussed in the context of inheritance and family law.