Benford's Law claims that numbers chosen from very large data files tend to have "1" as...
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. 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 you took a random sample of n=265 numerical entries from the file and r=65 of the entries had a first nonzero digit of 1. Let p represent the population proportion of all numbers in the corporate file that have a first nonzero digit of 1. Test the claim that p is less than 0.301 by using α = 0.01. What is the value of the test statistic? Round your answer to three decimal places. Select one: a. –1.977 b. 1.977 c. –0.121 d. 0.121 e. –32.189
Homework Answers
Answer)
Claimed p = 0.301
Observed p = 65/265
Test statistics is = (observed p - claimed p)/standard error
Standard error = √{claimed p*(1-claimed p)}/√n
N = 265
After substitution
Test statistics is = -1.977
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Benford's Law claims that numbers chosen from very large data
files tend to have "1" as...
Benford's Law claims that numbers chosen from very large data files tend to have "1" as...
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 "I" 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...
20.) Benford's Law claims that numbers chosen from very large data files tend to have "1"...
20.) 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. Suppose you are an auditor for a very large corporation. The revenue report involves millions of numbers in a large computer file. Let us...
Benford's Law claims that numbers chosen from very large data files tend to have "l" as...
Benford's Law claims that numbers chosen from very large data files tend to have "l" 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 "l" 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...
Recall that Benford's Law claims that numbers chosen from very large data files tend to have...
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....
1.) Recall that Benford's Law claims that numbers chosen from very large data files tend to...
1.) 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...
Benfords Law claims that numbers chosen from very large data files tend to have "1" as...
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...
Recall that Benford's Law claims that numbers chosen from very large data files tend to have "1" as the first nonzero di...
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....
Points out ofs.eo Not yet answered P Flag question Benford's Law claims that numbers chosen from...
Points out ofs.eo Not yet answered P Flag question 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. Suppose you are an auditor for a very large corporation. The revenue report involves millions of...
Recall that Benford's Law claims that numbers chosen from very large data files tend to have...
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...
Question Part Points Submissions Used 1.Recall that Benford's Law claims that numbers chosen from very large...
Question Part Points Submissions Used 1.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...
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 "I" 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...
Benford's Law claims that numbers chosen from very large data files tend to have "l" 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 "l" 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...
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...
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....
Points out ofs.eo Not yet answered P Flag question 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. Suppose you are an auditor for a very large corporation. The revenue report involves millions of...
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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