A mathematical algorithm that predicts the percentage of the time each digit will appear in a sequence of numbers is:
A)inductive fraud detection.
B)deductive fraud detection.
C)Benford's law.
D)horizontal analysis.

Question

Quizplus · Accepted Answer

Benford's law is a mathematical principle that states that in a large sample of numerical data, the distribution of the first digits will follow a predictable pattern. Specifically, the digit 1 will occur as the first digit about 30% of the time, and the likelihood of each subsequent digit decreases until the digit 9, which will appear as the first digit less than 5% of the time. This principle has been used in fraud detection because data that does not follow this pattern may indicate that numbers have been manipulated.

A Mathematical Algorithm That Predicts the Percentage of the Time