For a Particular Diamond Mine, 78% of the Diamonds Fail $\underset { p } { \mu ^ { \wedge } }$

question 119

Multiple Choice

For a particular diamond mine, 78% of the diamonds fail to qualify as "gemstone grade". A random sample of 106 diamonds is analyzed. Find the mean $\underset { p } { \mu ^ { \wedge } }$

• A) 0.96
• B) 0.22
• C) 0.040
• D) 0.78

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Definitions:

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Statute of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by the parties involved to be enforceable.

Partial Performance

The act of completing a portion of the obligations outlined in a contract, often considered in legal disputes about contract enforcement.

Respondeat Superior

A rule of law which makes an employer or principal accountable for an employee's or agent's wrongful actions, provided those actions were performed during the course of their employment or agency.