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Benford's Law

May 08, 2016

Sometimes numbers are... weird.  Benford's Law is a favorite example of this for us--it's a law that governs the distribution of the first digit in certain types of numbers.  As it turns out, if you're looking up the length of a river, the population of a country, the price of a stock... not all first digits are created equal.

Links:

  • Wikipedia, Benford's Law
  • Understanding and Applying Benford's Law
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