Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

What formula would I use to compute the following problem if 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 occur with equal frequency. Probabilities of occurrence to the first digit in a number are shown in the table below. The probability distribution is now known as?Benford's Law. The following distribution represents the first digits in 233 allegedly fraudulent checks written to a bogus company by an employee attempting to embezzle funds from his employer. Using the level of significance α=0.10?, what formula do I use to test whether the first digits in the allegedly fraudulent checks obeying? Benford's Law and what would the null? hypothesis and the alternative hypothesis? I also then need to know how to get the find what the test statistic is X 2and the P-value.

                                        Distribution of first digits (Benford's Law)

Digit                               1               2                3                 4                     5

Probability                   0.301        0.176         0.125         0.097              0.079

Digit                               6                7                8                9

Probability                  0.067         0.058         0.051         0.046

                                         First digits in allegedly fraudulent checks

First digit             1          2           3           4            5          6         7         8          9

Frequency          42        32         45         20          24        36        9        16         9

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M93087591
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

In a survey of 2936 adults 1431 say they have started

In a survey of 2936 adults, 1431 say they have started paying bills online in the last year. Construct a 99% confidence interval for the population proportion. A 99% confidence interval for the population proportion is ( ...

A stock price is currently 112 stock price move up by 10 or

A stock price is currently $112. Stock price move up by 10% or down by 14%. The risk-free interest rate is APR 2% with continuous compounding. What is the value of a six-month European put option with a strike price of $ ...

Sals market receives a box of jen amp barrys fast fresh

Sal's Market receives a box of Jen & Barry's Fast Fresh Salad BagsTM. Each box contains 16 Caesar salad bags, 20 tossed salad bags, and 12 shredded cabbage bags. Suppose that each type salad bag has an equal chance of be ...

1 define and discuss how to develop the free cash flow

1. Define and discuss how to develop the Free Cash Flow forecast? 2. Define and discuss how to develop the Terminal Value? 3. Define and discuss how to develop the Discount Rate?

Assume the random variable x is normally distributed with a

Assume the random variable x is normally distributed with a mean u=80 and a standard deviation o=4. Find the indicated probability. P(69 P(69 Round to four decimals places as needed.

To what extent does the client hold a responsibility for

To what extent does the client hold a responsibility for the success of their financial plan?

A study if the impact of stress on the amount of

A study if the impact of stress on the amount of beta-endorphins released in the blood was reported. Researchers took beta-endorphin levels for 19 patients 12 hours before surgery and again 10 minutes before surgery. If ...

A laboratory worker finds that the 3 of his blood samples

A laboratory worker finds that the 3% of his blood samples test positive for the HIV virus. In a random sample of 70 blood tests, what is the mean number that test positive for the HIV virus? (Round your answer to 1 deci ...

What are some differences between transaction processing

What are some differences between Transaction Processing Information Systems and Management Information Systems?

A survey is conducted from a population of people of whom

A survey is conducted from a population of people of whom 65?% have a college degree. The following sample data were recorded for a question asked of each person? sampled, "Do you have a college? degree?" Complete parts ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As