Blood diamonds. According to Global Research News (Mar. 4, 2014), one-fourth of all rough diamonds produced in

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Blood diamonds. According to Global Research News

(Mar. 4, 2014), one-fourth of all rough diamonds produced in the world are blood diamonds, i.e., diamonds mined to finance war or an insurgency. In a random sample of 1,000 rough diamonds purchased by a diamond buyer, let x be the number that are blood diamonds. LO8

a. Find the mean of x.

b. Find the standard deviation of x.

c. Find the z-score for the value x = 280.

d. Find the approximate probability that the number of the 1,000 rough diamonds that are blood diamonds is less than or equal to 280.

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Statistics

ISBN: 9781292161556

13th Global Edition

Authors: James T. McClave And Terry T Sincich

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