Benford's Law can be used as an indicator of potential fraud.

Name: Benford's Law can be used as an indicator of potential fraud.
Brand: Quizplus
Rating: 4.8 (39 reviews)

Question

Quizplus · Accepted Answer

Benford's Law states that in certain datasets, the first digit of numbers will occur with a predictable frequency. If a dataset does not follow this pattern, it may suggest that the numbers have been manipulated or fabricated. Therefore, Benford's Law can be used as a tool to identify potential fraud.

Benford's Law Can Be Used as an Indicator of Potential