Average Price of Red Delicious Apples $1.20 $1.09 $1.15 $1.11 $0.97 $1.03 $1.04 $0.97 $1.03 $1.00 $0.86 $0.90 || $0.80 $0.60 $0.40 $0.20 $0.00 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Q a) What's the difference between the price per pound of apples in 2012 and the price per pound of apples in 2006? $ b) What's the difference between the price per pound of apples in 2015 and the price per pound of apples in 2008? $ Price per Pound

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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.