The analysis of the leading (first) digits of checks led to the conclusion that companies in Brooklyn,
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The analysis of the leading (first) digits of checks led to the conclusion that companies in Brooklyn, New York, were guilty of fraud. For the purposes of this exercise, assume that the leading digits of check amounts are randomly generated by computer.
a. Identify the possible leading digits.
b. Find the mean and standard deviation of such leading digits.
c. Use the range rule of thumb to identify the range of usual values.
d. Can any leading digit be considered unusual? Why or why not?
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a 0123456789 b mean 45 sd 287 c range is appro...View the full answer
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