Homework Help is Here – Start Your Trial Now!
Math
Statistics
Benford's Law states that the first nonzero digits of numbers drawn at random from a large complex data file have the following probability distribution.t First Nonzero Digit Probability 3 4 8 9. 0.301 0.176 0.125 0.097 0.079 0.067 0.058 0.051 0.046 Suppose that n = 275 numerical entries were drawn at random from a large accounting file of a major corporation. The first nonzero digits were recorded for the sample. First Nonzero Digit Sample Frequency 2 3 8 9. 75 54 33 26 23 18 13 17 16 Use a 1% level of significance to test the claim that the distribution of first nonzero digits in this accounting file follows Benford's Law.

Benford's Law states that the first nonzero digits of numbers drawn at random from a large complex data file have the following probability distribution.t First Nonzero Digit Probability 3 4 8 9. 0.301 0.176 0.125 0.097 0.079 0.067 0.058 0.051 0.046 Suppose that n = 275 numerical entries were drawn at random from a large accounting file of a major corporation. The first nonzero digits were recorded for the sample. First Nonzero Digit Sample Frequency 2 3 8 9. 75 54 33 26 23 18 13 17 16 Use a 1% level of significance to test the claim that the distribution of first nonzero digits in this accounting file follows Benford's Law.

Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.8: Probability
Problem 32E
See similar textbooks
icon
Related questions
Question

(a) What is the level of significance?

(b) Find the value of the chi-square statistic for the sample. (Round the expected frequencies to at least three decimal places. Round the test statistic to three decimal places.)

What are the degrees of freedom?

Benford's Law states that the first nonzero digits of numbers drawn at random from a large complex data file have the following probability distribution.t First Nonzero Digit Probability 3 4 8 9. 0.301 0.176 0.125 0.097 0.079 0.067 0.058 0.051 0.046 Suppose that n = 275 numerical entries were drawn at random from a large accounting file of a major corporation. The first nonzero digits were recorded for the sample. First Nonzero Digit Sample Frequency 2 3 8 9. 75 54 33 26 23 18 13 17 16 Use a 1% level of significance to test the claim that the distribution of first nonzero digits in this accounting file follows Benford's Law.
Transcribed Image Text:Benford's Law states that the first nonzero digits of numbers drawn at random from a large complex data file have the following probability distribution.t First Nonzero Digit Probability 3 4 8 9. 0.301 0.176 0.125 0.097 0.079 0.067 0.058 0.051 0.046 Suppose that n = 275 numerical entries were drawn at random from a large accounting file of a major corporation. The first nonzero digits were recorded for the sample. First Nonzero Digit Sample Frequency 2 3 8 9. 75 54 33 26 23 18 13 17 16 Use a 1% level of significance to test the claim that the distribution of first nonzero digits in this accounting file follows Benford's Law.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Chi-squared Tests
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS