A computer is used to simulate many thousands of possible profitscenarios for a business deal. The average profit is estimated to be $10million and the standard deviation is $5 million. The 95% confidence intervalis computed to be the range from $9 million to $11 million. Complete theconversation below between a person who does understand and a person who doesnot understand the difference between the standard deviation, the standarderror and the confidence interval. Use the following as a beginning and thenwrite a few more sentences afterwards: Person 1: Does this mean there is a 95% chance our profit will be between $9million and $11 million?

Person 2: No, actually

Person 1: Aha, you mean

Person 2: Yes, ....