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Unformatted text preview: numbers. This law states that as more observations are drawn and incorporated into the calculation, the closer gets to μ. In other words the more invoices used in the calculation the closer the estimated mean will be to the actual mean. This makes it easier to detect fake invoice amounts because the mean calculated from the invoices provided should equal the expected mean, if it doesn’t then the invoices could be fake....
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- Spring '08
- Statistics, Probability theory, invoice, The Closer