Benford’s Law. According to Benford’s law, a variety of different data sets include numbers with leading (first) digits that follow the distribution shown in the table below. In Exercises 21–24, test...


Benford’s Law. According to Benford’s law, a variety of different data sets include numbers with leading (first) digits that follow the distribution shown in the table below. In Exercises 21–24, test for goodness-of-fit with the distribution described by Benford’s law.


Author’s Computer Files The author recorded the leading digits of the sizes of the electronic document files for the current edition of this book. The leading digits have frequencies of 55, 25, 17, 24, 18, 12, 12, 3, and 4 (corresponding to the leading digits of 1, 2, 3, 4, 5, 6, 7, 8, and 9, respectively). Using a 0.05 significance level, test for goodness-of-fit with Benford’s law.


7<br>Leading Digit<br>Benford's Law: Distribution<br>of Leading Digits<br>9.<br>6.<br>7.9% 6.7% 5.8% 5.1% 4.6%<br>17.6% 12.5% 9.7%<br>30.1%<br>00<br>2.<br>

Extracted text: 7 Leading Digit Benford's Law: Distribution of Leading Digits 9. 6. 7.9% 6.7% 5.8% 5.1% 4.6% 17.6% 12.5% 9.7% 30.1% 00 2.

Jun 10, 2022
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