Benford's Law Explained: Fraud Detection & the First-Digit Rule — Vatsal Bakshi
vatsalbakshi.com
Classical probability says every digit should appear equally often. It is spectacularly wrong. The digit 1 leads roughly 30% of all real-world numbers — and the same law that explains why is also what catches financial fraud.
  • Jason2357@lemmy.caEnglish
    1·
    2 months ago

    Classical probability does not say every digit should appear equally often. That is just intuition.