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January 2, 2020

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APA, Business and Management

Attached Files:
File Benford’s Law Demonstration – Country Sizes.xlsx (22.458 KB)
File Benford’s Law Demonstration – State Populations.xlsx (16.302 KB)
Chapter 6 discusses the fascinating theory called ‘Benford’s Law’. To see if Benford’s Law has merit, I experimented with the following data. You can find the results in the attached spreadsheets.

Data Sources:

First experiment: Sizes of countries and outlying territories (square miles)

Second experiment: Population of U.S. states and territories
Please find your own data set to experiment on. (Feel free to use my spreadsheets as a model.)

Share your thoughts regarding this method of fraud detection. Did your experiment match Benford’s predictions?

Please attach your sample data and results.

(By the way, this website tests Benford’s Law on many datasets: http://testingbenfordslaw.com/)

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