Introduction to statistics class 11

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introduction to statistics class 11

Statistics for Economics Class 11 by Sandeep Garg

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Published 23.12.2018

class 11 statistics chapter 1/ statistics for economics class 11 chapter 1

Statistics in Economics

Download revision notes for Introduction class 11 Notes and score high in exams. These are the Introduction class 11 Notes Computer Science prepared by team of expert teachers. The revision notes help you revise the whole chapter 1 in minutes. Revision notes in exam days is one of the best tips recommended by teachers during exam days. It is about making choice in the presence of scarcity. Scarcity definition given by Lionel Robbins :- Economics is a science that studies human behaviour as a relationship between ends and scarce means which have the alternative uses.

Answer : i Statistics can only deal with quantitative data. False Statistics deals with both quantitative data as well as with qualitative data. Statistics not only reveals quantitative information but also reflects the qualitative aspect of data like better, worse off, highly skilled, etc. Although, the qualitative aspects can neither be easily measured nor can be expressed in quantitative terms, but statistics describes the attributes of these variables. True Statistics acts as a tool in the hands of economists that enables them to understand and evaluate an economic problem. The causes of a problem are identified through statistical tools and methods and policies and rectification measures are formulated accordingly. True Data enable economists to present economic facts in a precise and concise form.

Uncover the Facts

Mark the following statements as true or false. Make a list of activities that constitute the ordinary business of life.

What is a Statistic? Components of Statistics:. Importance of Statistics in Business and Management:. Finance and Investments:. Categories of Statistics:.

There are many more useful educational material which the students can download in pdf format and use them for studies. Study material like concept maps, important and sure shot question banks, quick to learn flash cards, flow charts, mind maps, teacher notes, important formulas, past examinations question bank, important concepts taught by teachers. Students can download these useful educational material free and use them to get better marks in examinations. Also refer to other worksheets for the same chapter and other subjects too. Use them for better understanding of the subjects.

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