The distribution of the leading digits of company accounting figures often follows what is known as "Benford's Law". Ben
Posted: Sun Sep 05, 2021 5:21 pm
company accounting figures often follows what is known as "Benford's Law". Benford's Law states that the distribution of leading digits is not uniform, but rather follows the following probability distribution: P(d) = log10 (1+ ) for d = 1, 2, ..., 9. A random sample was taken of a company's accounting figures, and the distribution of the observed leading digits is given in the following code: d = 1:9 counts = c(785, 468, 377, 247, 229, 177, 152, 134, 101) dat = data.frame(d, counts) Perform an appropriate test to check whether or not this random sample of leading digits follows Benford's law. Report the test statistic you find in the answer box below (to 2 decimal places).
The distribution of the leading digits of