A mathematical algorithm that predicts the percentage of the time each digit will appear in a sequence of numbers is:
A) inductive fraud detection.
B) deductive fraud detection.
C) Benford's Law.
D) horizontal analysis.

Question

Quizplus · Accepted Answer

The mathematical algorithm that predicts the percentage of the time each digit will appear in a sequence of numbers is known as Benford's Law. This law states that in many naturally occurring datasets, the frequency of leading digits follows a predictable pattern. It has practical applications in fraud detection, financial auditing, and data analysis.

A Mathematical Algorithm That Predicts the Percentage of the Time