B. Calculate the P-value.P-value=____b2. State the conclusion.(Reject/ Do not reject) H0. There (is/ is not) sufficient evidence to warrant rejection of the claim that the leading digits are from a population with a distribution that conforms to Benford's law. It (does not appear/ does appear) that the checks are the result of fraud. An investigator analyzed the leading digits from 785 checks issued by seven suspect companies. The frequencies were found to be 253, 135, 115, 71, 81, 52, 40, 39. and 19. and those digits correspond to the leading digits of 1, 2, 3, 4. 5. 6, 7, 8, andrespectively. If the observed frequencies are substantially different from the frequencies expected with Benford's law shown below, the check amounts appear to result from fraud. Use a 0.01 significance level to test for goodness-of-fit with Benford's laDoes it appear that the checks are the result of fraud?Leading DigitActual FrequencyBenford's Law:. Distribution of Leading Digits25330.1%13511512.5%395.1%194.6%4017.0%9.77.9%6.7%5.8%Determine the null and alternative hypotheses

Level of significance =0.01 H0: The leading digits are from a population that conforms to Benford’s…

Answered: An investigator analyzed the leading…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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B. Calculate the P-value.

P-value=____

b2. State the conclusion.

(Reject/ Do not reject) H0. There (is/ is not) sufficient evidence to warrant rejection of the claim that the leading digits are from a population with a distribution that conforms to Benford's law. It (does not appear/ does appear) that the checks are the result of fraud.

An investigator analyzed the leading digits from 785 checks issued by seven suspect companies. The frequencies were found to be 253, 135, 115, 71, 81, 52, 40, 39. and 19. and those digits correspond to the leading digits of 1, 2, 3, 4. 5. 6, 7, 8, and
respectively. If the observed frequencies are substantially different from the frequencies expected with Benford's law shown below, the check amounts appear to result from fraud. Use a 0.01 significance level to test for goodness-of-fit with Benford's la
Does it appear that the checks are the result of fraud?
Leading Digit
Actual Frequency
Benford's Law:. Distribution of Leading Digits
253
30.1%
135
115
12.5%
39
5.1%
19
4.6%
40
17.0%
9.7
7.9%
6.7%
5.8%
Determine the null and alternative hypotheses

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