Difference between Online minutes interval and Cookie life time in Magneto 2.3

I am trying to set timeout for customer session in Magento 2.3 I would like to know what is the difference in configuration of Customer Online Minutes Interval and default cookie settings – Cookie Lifetime.

I checked the magento docs here, I am not clear on this –

https://docs.magento.com/user-guide/v2.3/configuration/customers/customer-configuration.html?itm_source=merchdocs-23&itm_medium=search_page&itm_campaign=federated_search&itm_term=online%20minute%20inteval

https://docs.magento.com/user-guide/customers/customer-online-options.html?itm_source=merchdocs_ce&itm_medium=quick_search&itm_campaign=federated_search&itm_term=customers%20s