The first significant digit in any number must be? 1, 2,? 3, 4,? 5, 6,? 7,...

70.2K

Verified Solution

Question

Basic Math

The first significant digit in any number must be? 1, 2,? 3, 4,?5, 6,? 7, 8, or 9. It was discovered that first digits do not occurwith equal frequency. Probabilities of occurrence to the firstdigit in a number are shown in the accompanying table. Theprobability distribution is now known as? Benford's Law. For?example, the following distribution represents the first digits in226 allegedly fraudulent checks written to a bogus company by anemployee attempting to embezzle funds from his employer.
Using the table below and a significance level of a=0.01,complete part? (a) below.
Digit Probability Frequency
1 0.301 36
2 0.176 32
3 0.125 45
4 0.097 20
5 0.079 24
6 0.067 17
7 0.058 9
8 0.051 16
9 0.046 7
(a) What is the test? statistic? (round to three decimal placesas needed)

Answer & Explanation Solved by verified expert

4.5 Ratings (652 Votes)

According to the question the given distribution represents thefirst digits in 226 allegedly fraudulent checks written to a boguscompany by an employee attempting to embezzle funds from hisemployerThe probabilities of occurrence of each of See Answer

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

Digit	Probability	Frequency
1	0.301	36
2	0.176	32
3	0.125	45
4	0.097	20
5	0.079	24
6	0.067	17
7	0.058	9
8	0.051	16
9	0.046	7