Read the article entitled Following Benfords Law, or Looking Out for No. 1 found at www.rexswain. com/benford.html.

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Read the article entitled “Following Benford’s Law, or Looking Out for No. 1” found at www.rexswain. com/benford.html. The article mentions that a statistics professor can easily discern if students flipped a coin 200 times or if they merely faked it. Of this exercise, the professor stated, “Most people do not know the real odds of such an exercise, so they cannot fake data convincingly.” How does that exercise relate to Benford’s Law and detecting fraud?


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Fraud examination

ISBN: 978-0538470841

4th edition

Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma

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