Biological diversity is the variety of species in a given area. If a new species is added there are more species and therefore greater biological diversity and if one goes extinct there are less species and therefore less biological diversity.
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You are correct :) Red coat's genotype would be tt and the black bull's genotype would be Tt. You put those in a punnett square, and you'd get 2 tt's and 2 Tt's. Hope this helps! :D