Benford's Law claims that numbers chosen from very large data files tend to have "1" as...

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Benfords Law claims that numbers chosen from very large data files tend to have 1 as the first nonzero digit disproportion

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Answer 1

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Given sample size n=345 Out of n, r=82 p=x/n = 82/345= 0.2377 To test Ho:P = 0.301 vs Hj: P<0.301 Test statistic Z= P-Po Po(1

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Benfords Law claims that numbers chosen from very large data files tend to have "1" as the first nonzero digit disproportionately often. In fact, research has shown that if you randomly draw a number from a very large data file, the probability of getting a number with "1" as the leading digit is about 0.301. Suppose you are an auditor for a very large corporation. The revenue report involves millions of numbers in a large computer file. Let us say...
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Recall that Benford's Law claims that numbers chosen from very large data files tend to have "1" as the first nonzero digit disproportionately often. In fact, research has shown that if you randomly draw a number from a very large data file, the probability of getting a number with "1" as the leading digit is about 0.301. Now suppose you are an auditor for a very large corporation. The revenue report involves millions of numbers in a large computer file....
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Recall that Benford's Law claims that numbers chosen from very large data files tend to have "1" as the first nonzero digit disproportionately often. In fact, research has shown that if you randomly draw a number from a very large data file, the probability of getting a number with "1" as the leading digit is about 0.301. Now suppose you are the auditor for a very large corporation. The revenue file contains millions of numbers in a large computer data...

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