I need help solving case study exercise questions for chapter 8 page 612 for fin
ID: 3110935 • Letter: I
Question
I need help solving case study exercise questions for chapter 8 page 612 for finite math and applied calculus 6th edition The name of the book is Finite Math and applied Calculus 6th edition and the author is Waner/Costenoble. Thank you
Which of the following lists of data would you expect to follow Benford's law? If the answer is no give a reason.
1. Distance between cities in France measured in miles
2. Distance between cities in France measured in kilometers
3.The grades 0-100 in your math teachers grade book
4. The Dow Jones averages for the past 100 years
5. Verbal SAT scores for colege bound high school seniors
6. Life span of companies
7. Good neighbor's Inc's tax return ( n=1,000)
y 1 2 3 4 5 6 7 8 9
P(Y=y) . 31 .16 .13 .11 .07 .07 .05 .06 .04
8. Honest Growth Fund Stockholders Report (n=400)
y 1 2 3 4 5 6 7 8 9
P=(Y=y) .28 .16 .1 .11 .07 .09 .05 .07 .07
Explanation / Answer
1,2,3,4,5,6,7,8 follow Benfords law
Benfords law is also called first digit law in statistics where many naturally occuring collections of numbers the leading significant digit is likely to be small.
All of the given statements follow Benfords law
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