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b. Download the spreadsheet Benford's Law Excel Worksheet.xIsx _ for this problem and follow the steps in the article to analyze whether the invoice data
b. Download the spreadsheet Benford's Law Excel Worksheet.xIsx _ for this problem and follow the steps in the article to analyze whether the invoice data conforms to Benford's Law. Your spreadsheet should: 1. Display the first digit for each invoice amount (Hint: You may need to use the Value and Left functions). 2. Complete the columns for "Expected #" and "Actual #" for the data set 3. Use a formula in cell F13 that calculates the sample size 4. Use a formula in cell G15 to calculate the chi-square test value comparing the actual and expected distribution of leading digits of invoice amounts 5. Create a chart that compares the actual and expected frequencies for the leading digits for invoice amountsB C E F G H Invoice # Amount First digit Expected Frequency of First Digit according to Benford's Law. 2725 $8,745 Digit Expected Expected Actual # 2726 $9,277 30. 10%% 2727 $3,195 17.60% 2728 $4,355 12.50% 2729 $7,733 9.60% 2730 $4,155 7.90% 2731 $2.639 6.70% 2732 $5,273 5.80% 2733 $8,162 5. 10% 2734 $9,133 4.60% 12 2735 $5,731 13 2736 $4,400 Sample size = 14 2737 $8,522 15 2738 $9,725 Chi-square test value = 16 2739 $1,200 17 2740 $2,856 18 2741 $8,163 19 2742 $3,375 20 2743 $2,621 21 2744 $7,199 22 2745 $4,150 23 2746 $9,725 24 2747 $8,239 25 2748 $5,188 26 2749 $2,267 27 2750 $8.790 28 2751 $9,745 29 2752 $1.724 30 2753 $3.911 31 2754 $7/419 32 33
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