10. The graph at the right shows the total profits of BigBox stores in a certain metropolitan area as a function of the number of stores 22 23 18 16+ open in the area. 12 10 Clearly show/explain how you are using the graph to answer the following questions. 2 4 6 8 10 12 14 16 18 20 Number of stores in the area 22 a. Mark (4, 12) on the graph. Explain the meaning of this point in the context of the problem. Profits (in millions of dollars)

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Confidence Intervals

When we calculate intervals in probability and statistics, it can be simply termed as finding out a confidence interval. The confidence interval is usually calculated from the data set which is observed. The value of the parameter that needs to be calculated is present here only.