Benford's Law

Have you ever heard of Benford's Law?

I hadn't, and I thought I had at least a passing knowledge of all of them.

Well, I'll guarantee you that I'll never forget Benford's Law, and I'll bet you won't either, if you watch the video presented at today's FamilyFirst pick.

It's called Fun (and Fraud Detection) with Benford's Law.

Here's the goods on what Benford's Law is all about:

Benford's law, also called the first-digit law, states that in lists of numbers from many real-life sources of data, the leading digit is distributed in a specific, non-uniform way.

Specifically, in this way:

Leading Digit Probability
1 30.1%
2 17.6%
3 12.5%
4 9.7%
5 7.9%
6 6.7%
7 5.8%
8 5.1%
9 4.6%

Still seems like a dry subject? Well, watch the five-minute video and prepare to be amazed.

Click here

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