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Benford's Law

The Paradox

In many real-world datasets, the leading digit is '1' about 30% of the time, not 11% as you might expect. Benford's Law states:
P(d) = log10(1 + 1/d)
This applies to populations, stock prices, Fibonacci numbers, and more. Fabricated data often fails this test -- a tool used in forensic accounting.

Goodness of Fit

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