Why so many numbers start with 1 ? Benford's Law and Fraud Detection
Channel: 6etime with Arnav
Date: 16/08/2020

If you take the areas of 100 random cities in sq.km, what is the digit with which most of them start? How about in sq.miles ? How is it same although miles are 1.6 times kilometers ? 

The probability of the number 1 being higher than any other in naturally occurring distributions is also known as Benford's Law. Let us take a look at how Benford's Law helps detect fraudulent data.