Question: Please help me answer this question in less than 40 min and I will give you a very good rating! Question #1 [10 marks] Benford's

Please help me answer this question in less than 40 min and I will give you a very good rating!

Please help me answer this question in less than 40 min and

Question #1 [10 marks] Benford's law states that in many naturally occurring numbers that the leading significant digit tends to be 'sTall' (e.g. stock prices, city populations). In these scenarios, the leading digit is a discrete random variable X with probability mass function f(x) = logk (1 + E) where k is dependent on the number system in use (e.g. binary, decimal, etc.). For remainder of this question, suppose that a; E {1, 2, 3} (Le. the quaternary number system is being used which can be used to represent genetic code like DNA). a. Using properties of logarithms, determine the exact value of k. b. State the p.m.f. of X as a table. Results may be rounded to 4 decimal places (where necessary). c. State the c.d.f. of X as a table. Results may be rounded to 4 decimal places (where necessary). [Note: Use interval notation for (3.] F(x) - d. Showing your work, determine px = E[X], the expected value (or mean) of X. Result may be rounded to 4 decimal places. e. Showing your work, determine a}, = E[XZ] #2, the variance in X. Result may be rounded to 4 decimal places

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!