- Benford's Law states that in many real-world datasets, the leading digit is not uniformly distributed.
- The digit 1 appears as the first digit about 30% of the time, while digit 9 appears less than 5%.
- This phenomenon occurs across diverse data, such as populations, river lengths, prices, and mathematical sequences like Fibonacci.
- The law has a logarithmic formula: P(d) = log10(1 + 1/d), where d is the first digit.