hard20 pts · first answer countsdata-analyticsfraud-risk

Benford’s law in audit analytics

What does Benford’s law predict about the first digits of many naturally occurring financial amounts?

A.Each digit from 1 to 9 appears equally oftenB.Digit 1 appears as the first digit about 30% of the time, and the frequency falls for higher digitsC.Digit 9 is the most common first digitD.It applies only to cash transactions under ₹1,000

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Benford’s law in audit analytics

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