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Channel: November 2011 – Introductory Statistics
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Is It Possible to Spot Fraudulent Numbers?

People engage in financial frauds have a need to produce false data as part of their criminal activities. Is it possible to look at the false data and determine they are not real? A probability model...

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Benford’s Law and US Census Data, Part I

The first digit (or leading digit) of a number is the leftmost digit (e.g. the first digit of 567 is 5). The first digit of a number can only be 1, 2, 3, 4, 5, 6, 7, 8, and 9 since we do not usually...

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Benford’s Law and US Census Data, Part II

The Benford’s law is a probability model that is a powerful tool for detecting frauds and data irregularity. The first digit (or leading digit) of a number is the leftmost digit and can only be 1, 2,...

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Which Car Rental Company Is More Expensive, Budget or Avis?

Any “budget” conscious consumer/traveler would want to find a good deal wherever and whenever he or she can, especially when it comes to airfare and rental cars. In tough economic times, bargain...

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