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:

Delivery of Services

Delivery of Services refers to the process of providing goods, assistance, or information to clients or customers in a variety of contexts.

Networks

Systems of interconnected individuals or organizations that exchange information, resources, or services.

Public Policy

A system of laws, regulatory measures, courses of action, and funding priorities concerning a given topic promulgated by a governmental entity or its representatives.

Bargaining and Negotiation

The process of discussing and reaching a mutually acceptable agreement between two parties who have differing preferences.