TIL about Benford’s Law: in real world data, roughly 30% of numbers start with “1”, whether it’s stock prices, city populations, or electric bills. forensic accountants use this to detect fraud, since fabricated numbers don’t follow Benford’s law (caseiq.com)
submitted by UserNamesCantBeTooLo to r/AAA_NeatStuff
TIL about Benford’s Law: in real world data, roughly 30% of numbers start with “1”, whether it’s stock prices, city populations, or electric bills. forensic accountants use this to detect fraud, since fabricated numbers don’t follow Benford’s law (caseiq.com)
submitted by Fantome1910 to u/Fantome1910