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benford's law

benford's law

benford's law - Dictionary definition and meaning for word benford's law

Definition
(noun) a law used by auditors to identify fictitious populations of numbers; applies to any population of numbers derived from other numbers
Example Sentence
  • Benford's law holds that 30% of the time the first non-zero digit of a derived number will be 1 and it will be 9 only 4.6% of the time

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