Benford’s Law or First Digit Law

“http://www.surveymonkey.com/sr.aspx?sm=EepAhQxVG6EO9tyceHlnAmeYm7y_2fg4HOmy8lQZ6U33I_3d Notice that the distribution of first digits for “cash in wallet” is nearly identical to “first digit of street address.” One might expect that the distribution would be uniform — meaning that a street address beginning with 5 is just as likely as one beginning with 9. But it is not. In fact the […]