×
Log in to StudySoup
Get Full Access to Elementary Statistics - 12 Edition - Chapter 11.2 - Problem 24bsc
Join StudySoup for FREE
Get Full Access to Elementary Statistics - 12 Edition - Chapter 11.2 - Problem 24bsc

Already have an account? Login here
×
Reset your password

Solution: Benford’s Law. According to Benford’s law, a

Elementary Statistics | 12th Edition | ISBN: 9780321836960 | Authors: Mario F. Triola ISBN: 9780321836960 18

Solution for problem 24BSC Chapter 11.2

Elementary Statistics | 12th Edition

  • Textbook Solutions
  • 2901 Step-by-step solutions solved by professors and subject experts
  • Get 24/7 help from StudySoup virtual teaching assistants
Elementary Statistics | 12th Edition | ISBN: 9780321836960 | Authors: Mario F. Triola

Elementary Statistics | 12th Edition

4 5 1 357 Reviews
15
2
Problem 24BSC

Benford’s Law. According to Benford’s law, a variety of different data sets include numbers with leading (first) digits that follow the distribution shown in the table below. In Exercise?, ?test for goodness-offit with Benford’s law. L e a d i n g D i g i t B e n f o r d ’ s L a w : D i s t r i b u t i o n o f L e a d i n g D i g i t s Author’s Computer Files? The author recorded the leading digits of the sizes of the files stored on his computer, and the leading digits have frequencies of 45, 32, 18, 12, 9, 3, 13, 9, and 9 (corresponding to the leading digits of 1, 2, 3, 4, 5, 6, 7, 8, and 9, respectively). Using a 0.05 significance level, test for goodness-of-fit with Benford’s law.

Step-by-Step Solution:

Solution 24BSC Step 1 Given, the author recorded the leading digits of the sizes of the files stored on his computer, and the leading digits have frequencies of 45, 32, 18, 12, 9, 3, 13, 9, and 9 (corresponding to the leading digits of 1, 2, 3, 4, 5, 6, 7, 8, and 9, respectively). Using a 0.05 significance level, test for goodness-of-fit with Benford’s law. We are testing Chi-square test (using EXCEL) as shown below Goodness of Fit Test expecte (Oi Ei) observed (O - E) Ei d 45 45.150 -0.150 0.000 32 26.400 5.600 1.188 18 18.750 -0.750 0.030 12 14.550 -2.550 0.447 9 11.850 -2.850 0.685 3 10.050 -7.050 4.946 13 8.700 4.300 2.125 9 7.650 1.350 0.238 9 6.900 2.100 0.639 150 150.000 0.000 10.299 chi-squa 10.30 re df 8 p-value 0.2447 Now, we have = 10.30 is the obtained test statistic value. Here, k is the number of different categories of outcomes = 9 Then degrees of freedom = k - 1 = 9 - 1 = 8 and P-value = 0.2447 (The smaller P-value is, the stronger the evidence against H a0 in favor of H . 1 P-value is small like 0.01 or smaller, we may conclude that the null hypothesis H is 0 strongly rejected in favor of H1 If P-value is between 0.05 P-value 0.01, we may conclude that the null hypothesis H i0rejected in favor of H .1n other cases, i.e., P-value > 0.05, we may conclude that the null hypothesis H is accepted) 0 Since P-value is greater than 0.05 we accept the null hypothesis at 5% level of significance and conclude that these leading digits are from a population of leading digits that conform to Benford’s law.

Step 2 of 1

Chapter 11.2, Problem 24BSC is Solved
Textbook: Elementary Statistics
Edition: 12
Author: Mario F. Triola
ISBN: 9780321836960

The full step-by-step solution to problem: 24BSC from chapter: 11.2 was answered by , our top Statistics solution expert on 03/15/17, 10:30PM. Elementary Statistics was written by and is associated to the ISBN: 9780321836960. This textbook survival guide was created for the textbook: Elementary Statistics, edition: 12. The answer to “Benford’s Law. According to Benford’s law, a variety of different data sets include numbers with leading (first) digits that follow the distribution shown in the table below. In Exercise?, ?test for goodness-offit with Benford’s law. L e a d i n g D i g i t B e n f o r d ’ s L a w : D i s t r i b u t i o n o f L e a d i n g D i g i t s Author’s Computer Files? The author recorded the leading digits of the sizes of the files stored on his computer, and the leading digits have frequencies of 45, 32, 18, 12, 9, 3, 13, 9, and 9 (corresponding to the leading digits of 1, 2, 3, 4, 5, 6, 7, 8, and 9, respectively). Using a 0.05 significance level, test for goodness-of-fit with Benford’s law.” is broken down into a number of easy to follow steps, and 151 words. Since the solution to 24BSC from 11.2 chapter was answered, more than 396 students have viewed the full step-by-step answer. This full solution covers the following key subjects: digits, benford, leading, Law, test. This expansive textbook survival guide covers 121 chapters, and 3629 solutions.

Other solutions

People also purchased

Related chapters

Unlock Textbook Solution

Enter your email below to unlock your verified solution to:

Solution: Benford’s Law. According to Benford’s law, a