If the arithmetic mean of 8, 12, x, 6, 9 is 8, then x is: MCQ with Answer and Explanation

If the arithmetic mean of 8, 12, x, 6, 9 is 8, then x is:
A. 5
B. 7
C. 8
D. 4
Answer: Option A
Solution (By JKExamLibrary)
(8+12+x+6+9)/5 = 8 → 35 + x = 40 → x = 5.

This question belongs to: Accountancy and Statistics Statistics

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The 'bias' in Laspeyres and Paasche price indices is that:
A. Laspeyres understates, Paasche overstates
B. Laspeyres tends to overstate price increase, Paasche understates
C. Both understate
D. Both overstate

Correct Answer: Option B


Explanation:
Laspeyres uses base period basket, ignoring substitution, so it overstates; Paasche uses current basket, often understating.

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Question #2 Report Error
The de jure method of census enumeration counts:
A. Only males
B. All persons present on census night
C. All persons according to their usual place of residence
D. Only citizens

Correct Answer: Option C


Explanation:
De jure method enumerates people at their usual residence regardless of where they were on census night.

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Question #3 Report Error
The maternal mortality ratio in India declined from 130 (2014-16) to 113 (2016-18) per 100,000 live births. This represents a decline of about:
A. 25%
B. 20%
C. 17%
D. 13%

Correct Answer: Option D


Explanation:
Decline = (130-113)/130 × 100 ≈ 13.08%.

This question belongs to: Accountancy and Statistics Statistics