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

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Blood diamonds. According to Global Research News (March 4, 2014), one-fourth of all rough diamonds produced in the world are blood diamonds. (Any diamond that is mined in a war zone—often by children—to finance a warlord’s activity, an insurgency, or an invading army’s effort is considered a blood diamond.) Also, 90% of the world’s rough diamonds are processed in Surat, India, and, of these diamonds one-third are blood diamonds.

a. Find the probability that a rough diamond is not a blood diamond.

b. Find the probability that a rough diamond is processed in Surat and is a blood diamond.

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Statistics For Business And Economics

ISBN: 9781292413396

14th Global Edition

Authors: James McClave, P. Benson, Terry Sincich

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