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 3 4 5. 6. 6. Proportion 0.301 0.176 0.125 0.097 0.079 0.067 0.058 0.051 0.046 Fake records usually have fewer first digits 1, 2, and 3. What is the approximate probability, if Benford's luw holds, that among 1000 randomly chosen invoices there are 565 or fewer amounts with first digit 1, 2, or 3? Give your answer to four decimal places. probability:
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 3 4 5. 6. 6. Proportion 0.301 0.176 0.125 0.097 0.079 0.067 0.058 0.051 0.046 Fake records usually have fewer first digits 1, 2, and 3. What is the approximate probability, if Benford's luw holds, that among 1000 randomly chosen invoices there are 565 or fewer amounts with first digit 1, 2, or 3? Give your answer to four decimal places. probability:
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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