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:

Current Flow

The movement of electric charge carriers, such as electrons, through a conductor or circuit.

Circuit

A closed path through which an electric current flows or may flow.

Solder

A fusible metal alloy used to create a permanent bond between metal workpieces in electronics and plumbing.

Electrical Wiring

A network of insulated conductors used to transmit electric power or signals.