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:

Conduct

The manner in which a person behaves, especially in a particular context or situation.

Vacuum Cleaners

Electrical appliances designed to use suction to remove dust and dirt from floors, upholstery, and other surfaces.

Express Authority

The authority of the agent as actually stated by the principal.

Implied Authority

When the authority of the agent is implied from surrounding circumstances, such as the position or title given (by the principal) to the agent.