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Full-Text Articles in Physical Sciences and Mathematics
Benford’S Law And Its Applications To Accounting, Lucy Wilson
Benford’S Law And Its Applications To Accounting, Lucy Wilson
Mathematics Student Projects
In this paper, we introduce the concept of Benford’s Law, which is the mathematical observation that in many naturally occurring numerical datasets, the leading digits are not evenly distributed. We actually find that smaller leading digits appear more often than larger ones. We will explore when and why this phenomenon occurs and how we can use statistical tests to determine how well a dataset conforms to Benford’s Law. We will also see how Benford’s Law can be used by auditors in the accounting field to catch potential fraud.
The Traveling Salesman Problem At Taylor University, Jonathan Jinoo Pawley
The Traveling Salesman Problem At Taylor University, Jonathan Jinoo Pawley
Mathematics Student Projects
What is the shortest route to walk to every residence hall on campus, beginning and ending with the same hall? This question can be considered by applying the Traveling Salesman Problem, an easy to understand yet hard to solve problem in the realm of discrete combinatorial optimization. The Traveling Salesman Problem is useful as an introduction to optimization problems, and it also has immensely practical applications. This paper will serve as an introduction to the computational difficulty of the Traveling Salesman Problem and will also explore various approximation algorithms. We will subsequently apply our new understanding of the theory to …