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NCERT Solutions for Class 11 Statistics Chapter 1 Introduction

by aglasem
May 5, 2020
in Extras
Reading Time: 1 min read
0

NCERT Solutions for Class 11 Statistics Chapter 1 Introduction – Here are all the NCERT solutions for Class 11 Statistics Chapter 1. This solution contains questions, answers, images, explanations of the complete chapter 1 titled Introduction taught in Class 11. If you are a student of Class 11 who is using NCERT Textbook to study Statistics, then you must come across chapter 1 Introduction. After you have studied lesson, you must be looking for answers of its questions. Here you can get complete NCERT Solutions for Class 11 Statistics Chapter 1 Introduction.

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NCERT Solutions Class 11 Statistics Chapter 1 Introduction

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Here on AglaSem Schools, you can access to NCERT Book Solutions in free pdf for Statistics for Class 11 so that you can refer them as and when required. The NCERT Solutions to the questions after every unit of NCERT textbooks aimed at helping students solving difficult questions.

For a better understanding of this chapter, you should also see summary of Chapter 1 Introduction , Statistics, Class 11.

Class 11
Subject Statistics
Book Statistics For Economics
Chapter Number 1
Chapter Name

Introduction

NCERT Solutions Class 11 Statistics chapter 1 Introduction

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Class 11, Statistics chapter 1, Introduction solutions are given below in PDF format. You can view them online or download PDF file for future use.

Introduction Download

NCERT Solutions for Class 11 Statistics (Statistics for Economics) Chapter 1 Introduction Download

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Question & Answer

Q.1: Mark the following statements as true or false.
(i) Statistics can only deal with quantitative data.
(ii) Statistics solves economic problems.
(iii) Statistics is of no use to Economics without data.

Ans : (i) 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. (ii) 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. (iii) True Data enable economists to present economic facts in a precise and concise form. Data itself is self explanatory. For example, if the per capita monthly income in India has increased from Rs 300 to Rs 600 during 1974 to 1984, then just by looking at the figures an economist would not only understand the quantitative increase in the per capita income but also can assess the implicit qualitative aspects associated with this increase like higher standard of living, low level of poverty, higher level of savings, etc.

Q.2: Make a list of activities in a bus stand or a market place. How many of them are economic activities?

Ans : The following are the activities that constitute the ordinary business of life: 1. Buying of goods and services. 2. Rendering services to a company by employees and workers. 3. Selling of goods and services. 4. Production process carried out by a firm. Yes, the above mentioned activities are regarded as economic activities. This is because, these activities involve the use of scarce resources to carry out production, consumption, saving, investment, etc. These activities involve the exchange of money to earn livelihood.

Q.3: ‘The Government and policy makers use statistical data to formulate suitable policies of economic development’. Illustrate with two examples.

Ans : The statistical data is of prime importance for the government and the policy makers. The statistical data not only help them to analyse and evaluate the outcomes of the past policies but also assist them to take corrective measures and to formulate new policies accordingly. Further, the statistical data also help the government to ascertain various needs and priorities for the pursuit of the common goal of economic development. For example, if Indian Government aims at encouraging the production level, then it formulates its economic policy based on the average production level of the past three years. Another example could be the preparation of government budget. The previous data of government expenditures and government revenues are taken into consideration for estimating the allocation of funds among various projects.

Q.4: “You have unlimited wants and limited resources to satisfy them.” Explain this statement by giving two examples.

Ans : Every economy faces the problem of scarcity. 'Scarcity of resources' implies that there are unlimited wants to be fulfilled by limited resources. The basic concern of an economy is to allocate the scarce resources to the best possible use in the face of unlimited wants. Thus, the problem of scarcity forces an economy to make a choice among various alternatives. For example, an economy endowed with a given level of resources has to make a choice beüeen the production of guns and breads. The choice of the economy (i.e. either to produce guns or bread and in what quantities) depends on the need and goal of the economy. While the production of bread will make the economy devoid of the security level, whereas, the production of guns will not provide sufficient food for the population. The same problem of scarcity can be felt at an individual level. For example, with a given amount of money say, Rs 20,000, one cannot buy a TV and a sofa set simultaneously. Thus, the individual needs to make a choice between the alternatives according to his/her priority.

Q.5: How will you choose the wants to be satisfied?

Ans : An individual fulfills his/her wants according to his/her needs, satisfactions and priority attached to different wants. Those wants will be fulfilled first that provides the highest satisfaction to the individual and to which the individual has attached the top most priority. Further, the choice of want also depends on the need of the hour and availability of the goods and also on the availability of means (money) to realise a particular want. Thus, depending on all these conditions, we can say that an individual having sufficient budget will fulfill a particular need that would fetch him/her the highest possible satisfaction.

NCERT / CBSE Book for Class 11 Statistics

You can download the NCERT Book for Class 11 Statistics in PDF format for free. Otherwise you can also buy it easily online.

  • Click here for NCERT Book for Class 11 Statistics
  • Click here to buy NCERT Book for Class 11 Statistics

All NCERT Solutions Class 11

  • NCERT Solutions for Class 11 Accountancy
  • NCERT Solutions for Class 11 Biology
  • NCERT Solutions for Class 11 Chemistry
  • NCERT Solutions for Class 11 Maths
  • NCERT Solutions for Class 11 Economics
  • NCERT Solutions for Class 11 History
  • NCERT Solutions for Class 11 Geography
  • NCERT Solutions for Class 11 Political Science
  • NCERT Solutions for Class 11 Sociology
  • NCERT Solutions for Class 11 Psychology
  • NCERT Solutions for Class 11 English
  • NCERT Solutions for Class 11 Hindi
  • NCERT Solutions for Class 11 Physics
  • NCERT Solutions for Class 11 Business Studies
  • NCERT Solutions for Class 11 Statistics

All NCERT Solutions

You can also check out NCERT Solutions of other classes here. Click on the class number below to go to relevant NCERT Solutions of Class 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12.

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Class 4 Class 5 Class 6
Class 7 Class 8 Class 9
Class 10 Class 11 Class 12

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