You Were Told That the Amount of Time Elapsed Between

question 14

Short Answer

You were told that the amount of time elapsed 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 elapsed between two consecutive trades to fall between 16 to 17 seconds was 13%.The probability that the time elapsed between two consecutive trades would fall below 13 seconds was 7%.What is the probability that the time elapsed between two consecutive trades will be between 14 and 17 seconds?

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Definitions:

Mixture

A physical combination of two or more substances that retain their own identities and properties and can be separated by physical means.

Compound

A substance made up of two or more different elements chemically bonded together in a fixed ratio.

Alloy

A mixture of metals or a mixture of a metal and another element, achieved through melting and mixing.

Chromatography

A method used to separate components of a mixture based on the differential affinities of compounds to a mobile phase and a stationary phase.