In a study of data derived from a variety of natural phenomena, F. A. Benford formulated an empirical law regarding the frequency of occurrence of the first digit ? in a set of numbers. Researchers have recognized Benford’s law, also known as the first-digits law, as an important tool in data analysis for diverse arenas such as forensic accounting, online social networking, climate modeling, and gene sequencing. For specific data sets, Benford observed that the frequencies of occurrence of ? were approximated by the probability distribution shown in the table. ? 1 2 3 4 5 6 7 8 9 ?(?) .301 .176 .125 .097 .079 .067 .058 .051 .046 Use Benford’s Law to find ?(?<3) and ?(?>4) . Express each result as a decimal rounded to three places. ?(?<3)= ?(?>4) =

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter5: A Survey Of Other Common Functions
Section5.3: Modeling Data With Power Functions
Problem 6E: Urban Travel Times Population of cities and driving times are related, as shown in the accompanying...
icon
Related questions
Question

In a study of data derived from a variety of natural phenomena, F. A. Benford formulated an empirical law regarding the frequency of occurrence of the first digit ? in a set of numbers. Researchers have recognized Benford’s law, also known as the first-digits law, as an important tool in data analysis for diverse arenas such as forensic accounting, online social networking, climate modeling, and gene sequencing.

For specific data sets, Benford observed that the frequencies of occurrence of ? were approximated by the probability distribution shown in the table.

? 1 2 3 4 5 6 7 8 9
?(?) .301 .176 .125 .097 .079 .067 .058 .051 .046
Use Benford’s Law to find ?(?<3) and ?(?>4) . Express each result as a decimal rounded to three places.

?(?<3)=
?(?>4) =

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill