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?
Correct Answer:
Verified
Correct Answer:
Verified
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