6-14 The Normal Distribution and Other Continuous Distributions
56. 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 14 and 15 seconds?
57. 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?
58. 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 14 and 17 seconds?
59. 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%. The probability is 20% that the time lapsed will be shorter how
many seconds?