a striking fact that the first digits of numbers in legitimate records often ow a distribution known as Den it is: First digit 1 Proportion 0.301 probability: 0.0008 2 0.176 Incorrect 3 0.125 4 0.097 Fake records usually have fewer first digits 1, 2, and 3. What is the approximate probability, if Benford's law holds, that among 1500 randomly chosen invoices there are 894 or fewer amounts with first digit 1, 2, or 3? Give your answer to four decimal places. 5 6 0.079 0.067 7 9 8 0.058 0.051 0.046
a striking fact that the first digits of numbers in legitimate records often ow a distribution known as Den it is: First digit 1 Proportion 0.301 probability: 0.0008 2 0.176 Incorrect 3 0.125 4 0.097 Fake records usually have fewer first digits 1, 2, and 3. What is the approximate probability, if Benford's law holds, that among 1500 randomly chosen invoices there are 894 or fewer amounts with first digit 1, 2, or 3? Give your answer to four decimal places. 5 6 0.079 0.067 7 9 8 0.058 0.051 0.046
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 4ECP: Show that the probability of drawing a club at random from a standard deck of 52 playing cards is...
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![It is a striking fact that the first digits of numbers in legitimate records often follow a distribution known as Benford's law. Here
it is:
First digit
Proportion
1
2
0.301 0.176
probability:
0.0008
3
0.125
Incorrect
4
0.097
7
5
6
0.079 0.067 0.058
Fake records usually have fewer first digits 1, 2, and 3. What is the approximate probability, if Benford's law holds, that among
1500 randomly chosen invoices there are 894 or fewer amounts with first digit 1, 2, or 3? Give your answer to four
decimal places.
8
0.051
9
0.046](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffef21e4b-d342-4b30-8b55-bcc3e814a3c9%2Fb3ac3290-5fe1-48db-b294-2bf5c232a9d7%2Fa3swza9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:It is a striking fact that the first digits of numbers in legitimate records often follow a distribution known as Benford's law. Here
it is:
First digit
Proportion
1
2
0.301 0.176
probability:
0.0008
3
0.125
Incorrect
4
0.097
7
5
6
0.079 0.067 0.058
Fake records usually have fewer first digits 1, 2, and 3. What is the approximate probability, if Benford's law holds, that among
1500 randomly chosen invoices there are 894 or fewer amounts with first digit 1, 2, or 3? Give your answer to four
decimal places.
8
0.051
9
0.046
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