Benford's Law Calculator
Benford's Law is the principle that in any large, randomly produced set of natural numbers, such as tables of logarithms or corporate sales statistics
30.1% will begin with the digit 1
17.6% will begin with the digit 2
12.5% will begin with the digit 3
9.7% will begin with the digit 4
7.9% will begin with the digit 5
6.7% will begin with the digit 6
5.8% will begin with the digit 7
5.1% will begin with the digit 8
4.6% will begin with the digit 9
How does the Benfords Law Calculator work?
Shows you Benfords Law and evaluates a data set compared to Benford's Law
What formulas are used for the Benford's Law Calculator?
Log10(1 + 1/d)
Other concepts covered in this video:
data
Characteristics or information, usually numerical, that are collected through observation.
digit
Any of the numbers (0, 1, 2, 3, 4, 5, 6, 7, 8, 9) used to construct a number
distribution
value range for a variable
logarithm
the exponent or power to which a base must be raised to yield a given number
percent
a specified amount in or for every hundred. one part in every hundred.
n% = n/100
table
lists of numbers showing the results of a calculation with varying arguments