Benford's Law States That the Most Likely First Digit of Any

question 38

Multiple Choice

Benford's Law states that the most likely first digit of any randomly selected number will be which of the following?

• A) 1
• B) 7
• C) 3
• D) 4

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Definitions:

Public Good

A good or service that is characterized by nonrivalry and nonexcludability. These characteristics typically imply that no private firm can break even when attempting to provide such products. As a result, they are often provided by governments, who pay for them using general tax revenues.

Government

The government refers to the system or group of people governing an organized community, often a state, setting and enforcing laws and policies.

Benefits

The advantages or profits gained from something, including financial, health, or well-being improvements.

Production

The process of creating goods and services through the combination of labor, materials, and technology.