Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. It is a striking fact that the first digits of numbers in legitimate records often follow a distribution known as Benford's law. Hereit is:First digitProportion120.301 0.176probability:0.000830.125Incorrect40.0977560.079 0.067 0.058Fake records usually have fewer first digits 1, 2, and 3. What is the approximate probability, if Benford's law holds, that among1500 randomly chosen invoices there are 894 or fewer amounts with first digit 1, 2, or 3? Give your answer to fourdecimal places.80.05190.046

Givenn =1500We have that 1,2,3,digits P= p(x=1)+p(x=2)+p(x=3) =0.301+0.176+0.125 =0.602 Mean = =…

a striking fact that the first digits of numbers in legitimate records often ow a distribution known as Den it is: First digit 1 Proportion 0.301 probability: 0.0008 2 0.176 Incorrect 3 0.125 4 0.097 Fake records usually have fewer first digits 1, 2, and 3. What is the approximate probability, if Benford's law holds, that among 1500 randomly chosen invoices there are 894 or fewer amounts with first digit 1, 2, or 3? Give your answer to four decimal places. 5 6 0.079 0.067 7 9 8 0.058 0.051 0.046

a striking fact that the first digits of numbers in legitimate records often ow a distribution known as Den it is: First digit 1 Proportion 0.301 probability: 0.0008 2 0.176 Incorrect 3 0.125 4 0.097 Fake records usually have fewer first digits 1, 2, and 3. What is the approximate probability, if Benford's law holds, that among 1500 randomly chosen invoices there are 894 or fewer amounts with first digit 1, 2, or 3? Give your answer to four decimal places. 5 6 0.079 0.067 7 9 8 0.058 0.051 0.046

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter8: Sequences, Series,and Probability

Section8.7: Probability

Problem 4ECP: Show that the probability of drawing a club at random from a standard deck of 52 playing cards is...

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