Sara Silverstein at Business Insider has put together a great little video on Benford’s Law, also called the First-Digit Law, which describes the frequency distribution of digits in many real-life data sets. This concise explanation of a fascinating natural data phenomenon is well worth sitting through the ad that precedes it. Plus you’ll get a tip on how to avoid getting caught if and when you cook the books.
Latest posts by Bill Paarlberg (see all)
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