An investigator analyzed the leading digits from 762 checks…

Questions

An investigаtоr аnаlyzed the leading digits frоm 762 checks issued by seven suspect cоmpanies. The frequencies were found to be 224​, 129​, 80​, 67​, 75​, 57​, 46​, 36​, and 48​, and those digits correspond to the leading digits of​ 1, 2,​ 3, 4,​ 5, 6,​ 7, 8, and​ 9, respectively. If the observed frequencies are substantially different from the frequencies expected with​ Benford's law shown​ below, the check amounts appear to result from fraud. Use a 0.01significance level to test for​ goodness-of-fit with​ Benford's law.  Leading_Digit    Actual_Frequency    Benford's_Law:1                              224                           30.10%2                             129                            17.60%3                               80                            12.50%4                               67                              9.70%5                               75                              7.90%6                               57                              6.70%7                               46                              5.80%8                               36                              5.10%9                               48                              4.60% Write upto 3 decimal points Find the test statistic[TestStatistic] Find the P-Value[Pvalue]

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