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:

Rails Division

Rails Division typically refers to a segment or department within a company or government responsible for the management, operation, and maintenance of railway systems.

Income From Operations

The profit generated from a company's everyday business activities.

Division 3

Pertaining to a specific categorization within a larger organization or system, often used in sports or hierarchical structuring.