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BENFORD'S LAW

(noun)
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Definitions

There is 1 meaning of the phrase Benford's Law.

Benford's Law - as a noun

A law used by auditors to identify fictitious populations of numbers; applies to any population of numbers derived from other numbers

Example: "Benford's law holds that 30% of the time the first non-zero digit of a derived number will be 1 and it will be 9 only 4.6% of the time"

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