Re:What the U.S. needs is an 18-cent coin
by ShardPhoenix on Thursday May 17, 2012 @01:52AM
(#3985658)
I don't think Benford's law applies here: it's about the first digit of numbers (that are distribute in a certain way), but in most cases the first digit of a price will be denominating dollars, not cents.
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The leading digit of change is tens of cents...
The change may be more than a dollar, so tens of cents is not necessarily the leading digit.
the amount of coin change is never more than a dollar.
The amount of coin change is the remainder left over after dividing the total change by a dollar. Thus although the total change may or may not obey Benford's Law, the coin change certainly doesn't.