Benford's Law Leading Digit Probability - Quant Trader Interview Question
Difficulty: Medium
Category: Probability & Statistics
Practice quant interview questions from top firms including Jane Street, Citadel, Two Sigma, DE Shaw, and other leading quantitative finance companies.
Topics: probability, benford's law, logarithm, mental-math
Problem Description
According to Benford's Law, what is the probability that the leading digit of a naturally occurring dataset entry is 1?
Practice this medium trader interview question on MyntBit - the all-in-one quant learning platform with 200+ quant interview questions for Jane Street, Citadel, Two Sigma, and other top quantitative finance firms.