Statistics for Economics Class 11 Notes Chapter 1 Introduction

Important Question of Class 11th Economics Statistics ( Statistics Class 11 Chapter 1 )

Question 1 ( Class 11 Economics Notes Introduction )

Define Statistic.

Answer: Statistics can be defined as the collection, presentation, classification, analysis, and interpretation of quantitative data.

Question 2 ( Class 11 Economics Notes Introduction )

What are the stages of statistical study?

Answer: The stages of a statistical study are

  • Collection of Data
  • Organisation of Data
  • Presentation of Data
  • Analysis of Data
  • Interpretation of Data

Question 3

What are the tools used to related to statistical study?

Answer: The tools used to related to statistical study are

  • Census or Sample Technique
  • Tally Bar and Assembling of Data
  • Graphs, Tables, and Diagram
  • Average, Percentages, Regression Coefficient, and Correlation
  • Average and the Degree of Relation, Percentage, and Relation between Degree Variables

Question 4

What are the scopes of statistics?

Answer: The scopes of statistics include

  • Nature of Statistics
  • Subject Matter of Statistics
  • Limitation of Statistics

Question 5

Define statistics as a singular noun.

Answer: In the singular sense, statistics means the science of statistics or statistical methods. It refers to techniques or methods relating to the analysis, collection, presentation, classification, and interpretation of quantitative data.

Question 6

Define statistics as a plural noun.

Answer: In the plural sense, statistics is defined as information in terms of numerical data or numbers, such as employment statistics, statistics concerning public expenditure, population statistics, etc.

Question 7

What is inferential statistics?

Answer: Inferential statistics refer to methods by which conclusion are drawn relating to the universe based on a given sample.

Question 8 ( Statistics Class 11 Chapter 1 )

What are the two components of the subject matter in statistics?

Answer: The two components of the subject matter in statistics are

  • Descriptive Statistics
  • Inferential Statistics

Question 9 ( Statistics Class 11 Chapter 1 )

What are the three components of Economics?

Answer: The three components of Economics are consumption, production, and distribution.

Question 10 ( Statistics Class 11 Chapter 1 )

What are descriptive Statistics?

Answer: Descriptive statistic refers to those methods which are used for the collection, presentation as well as analysis of data. These methods relate to such estimations as a measurement of central tendencies, measurement of dispersion, measurement od correlation, etc.

Statistics Class 11 Chapter 1 Notes and Important question. if you have any doubt in content then you can comment here. we will clear your doubts.

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