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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

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?

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