The sum of absolute deviations is minimized by: MCQ with Answer and Explanation

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The sum of absolute deviations is minimized by:

A. Median

B. Mode

C. Mean

D. Geometric mean

Answer: Option A

Solution (By JKSSB Mock Tests)

Median minimizes Σ |x - M|.

This question belongs to: Accountancy and Statistics Statistics

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Question #1

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Laspeyres index tends to ______ the price increase.

A. Understate

B. Overstate

C. Perfectly measure

D. Ignore

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Correct Answer: Option B

Explanation:
Because it uses fixed base period quantities, Laspeyres index does not account for substitution away from goods that have become relatively expensive.

This question belongs to: Accountancy and Statistics Statistics

Question #2

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A census method where people are counted based on their legal or permanent residence regardless of where they are on census night is:

A. Canvasser method

B. Householder method

C. De jure method

D. De facto method

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Correct Answer: Option C

Explanation:
De jure census attributes individuals to their usual or legal place of residence.

This question belongs to: Accountancy and Statistics Statistics

Question #3

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As per Census 2011, which state had the highest population density among major states?

A. Bihar

B. Uttar Pradesh

C. Kerala

D. West Bengal

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Correct Answer: Option A

Explanation:
Bihar had the highest density (1106 persons/sq km) among the major states in 2011.

This question belongs to: Accountancy and Statistics Statistics

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