Ask a friend (who isnt biased by reading this) to generate 25 numbers between 0 and 100
Question:
Ask a friend (who isn’t biased by reading this) to generate 25 numbers between 0 and 100 on a scratch piece of paper. Calculate the distribution of digits in the first position: how many 1s, how many 2s, and so forth? Do the numbers match Benford’s Law? They are likely evenly distributed rather than skewed toward the lower numbers like Benford’s Law.
Distribution The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Since people generally do not generate numbers that follow Benfo...View the full answer
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