12.13 Benford's Law. The first digit of a randomly chosén expense accoup claim follows Benford's law (Example 12.7). Consider the events A = {first digit is 4 or greater} B = {first digit is even} %3D %3D C={first digit is less than 5} What's P(C)?

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.