Benford's Law states that the first nonzero digits of numbers drawn at random from a large complex data file have the following probability distribution.† First Nonzero Digit 1 2 3 4 5 6 7 8 9...


Benford's Law states that the first nonzero digits of numbers drawn at random from a large complex data file have the following probability distribution.†































First Nonzero Digit
123456789

Probability
0.3010.1760.1250.0970.0790.0670.0580.0510.046


Suppose thatn = 275 numerical entries were drawn at random from a large accounting file of a major corporation. The first nonzero digits were recorded for the sample.































First Nonzero Digit
123456789

Sample Frequency
754837262518131716


Use a 1% level of significance to test the claim that the distribution of first nonzero digits in this accounting file follows Benford's Law.


(b) Find the value of the chi-square statistic for the sample. (Round the expected frequencies to at least three decimal places. Round the test statistic to three decimal places.)


What are the degrees of freedom?



Jun 08, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here