Tag: Benford’s Law

Benford’s law is used in this study to look at how corporations manage their earnings. This is a probability strategy that the investigator use as a hand tool. The study investigates the income statement and balance sheet data in a large sample of Indian public listed firms (34,346 firm-year...

In view of the dense system P ≫ L, when P indistinguishable balls are randomly distributed among L distinguishable boxes, our natural intuition tells us that the box with the average number of P/L balls has the highest probability and that none of the boxes are empty; however, the...