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22 Aug 2022, 07:15
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Difficulty:
65%
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Question Stats:
31% (01:19) correct
69%
(01:31)
wrong
based on 13
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Benford’s Law establishes statistical norms for the distribution of numbers that appear in large data sets; it has been shown to be very accurate in predicting the distribution of naturally occurring financial values. Investigators have used this fact when investigating financial fraud, and can often determine when people have fabricated numbers, since the perpetrators on their own will tend to choose numbers that don’t align with the anti-intuitive pattern predicted by Benford’s Law. Statisticians, therefore, argue that as the technique of applying Benford’s law becomes even more refined, the ability to determine whether a suspect has engaged in financial fraud will become as accurate as fingerprints in determining guilt.
Which of the following, if true, casts the most doubt on the conclusion drawn by proponents of Benford’s Law?
A) People who routinely engage in financial fraud tend to develop patterns of intuition that differ from that of law-abiding people who work with numbers.
B) Fingerprint matching was crude at first, but as techniques were refined, it has become a powerful method of establishing criminal guilt.
C) Benford’s Law, after being used in several notable cases, has become highly publicized and intimately known to many likely to commit such crimes.
D) Benford’s Law is not as accurate for numbers with fewer than six digits, and many fabricated numbers in the last five years have been for values less than 100,000.
E) Following the electronic path of money as it moves from one account to the next can be powerfully effective as a method of establishing guilt in fraud cases.
Which of the following, if true, casts the most doubt on the conclusion drawn by proponents of Benford’s Law?
A) People who routinely engage in financial fraud tend to develop patterns of intuition that differ from that of law-abiding people who work with numbers.
B) Fingerprint matching was crude at first, but as techniques were refined, it has become a powerful method of establishing criminal guilt.
C) Benford’s Law, after being used in several notable cases, has become highly publicized and intimately known to many likely to commit such crimes.
D) Benford’s Law is not as accurate for numbers with fewer than six digits, and many fabricated numbers in the last five years have been for values less than 100,000.
E) Following the electronic path of money as it moves from one account to the next can be powerfully effective as a method of establishing guilt in fraud cases.
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22 Aug 2022, 08:38
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Discussed here: benford-s-law-states-that-most-phenomena-in-nature-begin-with-1-s-and-383351.html?fl=similar
Archived Topic
Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Where to now? Join ongoing discussions on thousands of quality questions in our Critical Reasoning (CR) Forum
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Thank you for understanding, and happy exploring!
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