You were told that the amount of time lapsed between

Reference no: EM13619199

1. The amount of tea leaves in a can from a particular production line is normally distributed with U= 110 grams and O = 25 grams. What is the probability that a randomly selected can will contain between 82 and 100 grams of tea leaves?

2. You were told that the amount of time lapsed between consecutive trades on the New York Stock Exchange 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 14 seconds?

Reference no: EM13619199

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