You Were Told That the Amount of Time Lapsed Between

question 13

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 16 seconds?

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Definitions:

Future Generations

The people who will live in the future, for whom current generations may hold ethical responsibilities.

Disruptive Innovation

An innovation that significantly alters the way that businesses operate, often displacing established market leaders and creating new industry standards.

Gaming Console

An electronic device designed specifically for playing video games that connects to a display device like a television.

Sales Increased

A situation where the number of products sold or services provided by a company grows over a specific period.