Step 1: Understanding the Concept:
The relationship between stress, pressure, diameter, and wall thickness is given by a standard formula.
This is based on thin-walled pressure vessel theory.
Step 2: Key Formula or Approach:
Circumferential stress (hoop stress) = $\frac{P \times d}{2L}$.
Step 3: Detailed Explanation:
For a thin-walled cylinder, the hoop stress is:
$\sigma = \frac{P \times d}{2L}$
Where:
- $\sigma$ = circumferential stress
- P = internal pressure
- d = diameter
- L = wall thickness
Other options have incorrect arrangements.
Thus, the correct formula is $\sigma = \frac{P \times d}{2L}$.
Step 4: Final Answer:
The correct relationship is $\sigma = \frac{P \times d}{2L}$.
Hence, the correct option is (C).