Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

b. Download the spreadsheet Benford's Law Excel Worksheet.xlsx for this problem and follow the steps in the article to analyze whether the invoice data conforms

image text in transcribed
image text in transcribed
b. Download the spreadsheet Benford's Law Excel Worksheet.xlsx 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 amounts E DEFHG Digit Expected Expected Actual \# 12345678930.10%17.60%12.50%9.60%7.90%6.70%5.80%5.10%4.60% Sample size = 0 Chi-square test value =

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Internal Auditors Manual And Guide The Practitioners Guide To Internal Auditing

Authors: Milton Stevens Fonorow

1st Edition

0134711947, 978-0134711942

More Books

Students also viewed these Accounting questions