Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. in a study of data derived from a variety of natur

In a study of data derived from a variety of natural phenomena F A Benford...

80.2K

Verified Solution

Question

Basic Math

image

In a study of data derived from a variety of natural phenomena F A Benford formulated an empirical law regarding the frequency of occurrence of the first digit d in a set of numbers Researchers have recognized Benford s law also known as the first digits law as an important tool in data analysis for diverse arenas such as forensic accounting online social networking climate modeling and gene sequencing For specific data sets Benford observed that the frequencies of occurrence of d were approximated by the probability distribution shown in the table d 1 2 3 4 5 6 7 8 9 P d 301 176 125 097 079 067 058 051 046 Use Benford s Law to find P d 5 and P d 2 Express each result as a decimal rounded to three places P d 5

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Comprehensive Ratio Analysis Data for Lozano Chip Company and its industry averages follow. Lozano Chip Company: Balance Sheet...

Chemistry
1.2K views

Write the balanced complete ionic equations and net ionic equations for the reactions that occur when...

Biology
1.2K views

A hypothetical population of 200 cats has two alleles 7 and 75 for a locus...

Physics
1.2K views

The maximum angle to the horizontal at which a stone can be thrown so that...

Geometry
1.2K views

there enough evidence to suggest that triangle below is a right triangle Figure may not...

Basic Math
1.2K views

To calculate the height of a tower Mary measures the angle of elevation from a...

Basic Math
1.2K views

According to a weather report, there is a 46% chance it will rain tomorrow. What...

Basic Math
1.2K views

Nick and Miguel are the partners in a local health food store. They need $85,000...

Algebra
1.2K views

10 1 2 3 14 15 14 B 13 C 14 A 12 The right...

Accounting
1.2K views

What is the difference between active and passive investment management approaches? Is it possible to...

Accounting
1.2K views

Exercises 1. The actual cash received from cash sales was $295,455, and the amount indicated...

Finance
1.2K views

Suppose a ten-year, $1,000 bond with an 8.4% coupon rate and semiannual coupons is trading...