Question: What basic attribute is needed for a data set to conform to Benfords Law?

What basic attribute is needed for a data set to conform to Benford’s Law?

Step by Step Solution

★★★★★

3.29 Rating (158 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

In order for a data set to conform to Benfords Law its number series must approxima... View full answer

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

Document Format (1 attachment)

Word file Icon

416-B-A-G-F-A (5394).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

Q:

For a data set of brain volumes (cm3) and IQ scores of eight males, the linear correlation coefficient is found and the P-value is 0.793. Write a statement that interprets the P-value and includes a...

Q:

For a data set consisting of two data points: a. Identify the regression line. b. What is the sum of squared errors for the regression line? Explain your answer.

Q:

For a data set of brain volumes (cm3) and IQ scores of eight males, the linear correlation coefficient is found and the P-value is 0.793. Write a statement that interprets the P-value and includes a...

Q:

9-35. What basic attribute is needed for a data set to conform to Benfords Law?

Q:

Homework 5 - Benford's Law An important role of an auditor is to detect fraudulent and suspicious transactions. Benford's Law can help in this regard. Benford's Law maintains that the numeral 1 will...

Q:

ISU would like you to examine the sales receipts from the Student Union to see if there is the potential of fraud related to the receipts. 1) Open the Homework 5 Excel File to begin. There you will...

Q:

Exercise 1: An engineer is going to redesign an ejection seat for an airplane. The seat was designed for pilots weighing between 130 lb and 171 lb. The new population of pilots has normally...

Q:

STAT 431/511: HOMEWORK 4 DUE: NOVEMBER 8, BY 5:00 PM (The homework must be turned in during class or in BBB's mailbox on the 4th floor of JMHH. Please list the names of your collaborators on the...

Q:

Which of the following statements is true of a bar graph display? It is the same as a line graph. It allows for more than one category of data to be presented on the same graph. It is used to display...

Q:

What is a What-If analysis? O A type of analysis specific to business profit and loss statements O A data set that includes a minimum of 500 rows of information to properly assess data O Step 2 in...

Q:

Assume the following data concerning a purchase of merchandise by Icon Co. on April 2: April 2. Purchased $4,000 of merchandise on account from Gamma Co., terms 2/10, n/30. 4. Returned $2,000 of the...

Q:

Suppose your friend, Pat, approaches you with a plan to get in on the solar panel leasing business. Pat has identified an opportunity to acquire panels sufficient to power 25 homes. On average, Pat...

Q:

Who is likely to have the lease need for life insurance?

Q:

explain the advantages and disadvantages of a cash flow matching strategy relative to multiple liability immunization.

Q:

Micro economics of crime deal with: a. Individuals b. National level c. International level d. Individuals and businesses

Q:

The code of professional ethics applies only the CFE's. T or F

Q:

The Certified Fraud Examiner has a code of ethics which he must abide. Briefly describe the eight ethical principals that a fraud examiner should follow.

Q:

Indicate whether each of the following would be in the section of financial statements identified as a) current asset b) property, plant, and equipment c) current liability d)revenue or e) expense 1....

Q:

What is the realized return percent? The following table contains prices and dividends for a stock. All prices are after the dividend has been paid. If you bought the stock on January 1 and sold it...

Q:

A terminated employee is not entitled to COBRA benefits if he is terminated for gross misconduct. Group of answer choices True False