For a Particular Diamond Mine, 81% of the Diamonds Fail $\begin{array} { c } \sigma ^ { \wedge } \\p\end{array}$

question 64

Multiple Choice

For a particular diamond mine, 81% of the diamonds fail to qualify as "gemstone grade". A random sample of 97 diamonds is analyzed. Find the standard deviation $\begin{array} { c } \sigma ^ { \wedge } \\p\end{array}$

• A) 0.96
• B) 0.19
• C) 0.040
• D) 0.81

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Definitions:

Criterion

A standard or rule by which something can be judged or decided.

Timely Information

Information received or provided at an appropriate time to influence decision-making.

Decision Making

A process of selecting the best option from among various alternatives based on criteria and information.

Weaknesses

Refers to the limitations or deficiencies that can hinder an entity's ability to achieve its objectives.