Commerce Exam > Commerce Notes > Economics Class 11 > Worksheet: Introduction- 1
Worksheet: Introduction- 1 | Economics Class 11 - Commerce PDF Download
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| Multiple Choice Questions |
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| True or False |
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| Very Short Answers |
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| Short Answers |
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| Long Answers |
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Multiple Choice Questions
Q1: What is the primary purpose of statistics in economics?
(a) To prove economic theories
(b) To manipulate data
(c) To collect, analyze, and interpret data
(d) To estimate future economic trends
Q2: Which of the following is not a characteristic of statistics?
(a) It deals with numerical data.
(b) It is always accurate.
(c) It involves uncertainty.
(d) It is used solely for historical data analysis.
Q3: What is the term for data collected directly from its source for a specific purpose?
(a) Primary data
(b) Secondary data
(c) Descriptive data
(d) Qualitative data
Q4: A histogram is a graphical representation of what type of data?
(a) Qualitative data
(b) Descriptive data
(c) Quantitative data
(d) Historical data
Q5: What does the term "descriptive statistics" refer to?
(a) Predicting future economic events.
(b) Summarizing and presenting data.
(c) Controlling economic policies.
(d) Calculating economic growth rates.
True or False
Q1: Inferential statistics involves drawing conclusions about a population based on a sample.
Q2: A frequency distribution table organizes data systematically to facilitate analysis and interpretation.
Q3: The mean, median, and mode are all measures of central tendency.
Q4: Correlation implies causation.
Q5: Statistics is always 100% accurate in predicting economic events.
Very Short Answers
Q1: Define "data" in the context of economics
Q2: Explain the significance of statistics in economics.
Q3: Differentiate between primary data and secondary data.
Q4: What is the purpose of constructing a frequency distribution table?
Q5: Define "population" in statistics.
Short Answers
Q1: Discuss the importance of statistics in economic decision-making.
Q2: Explain the differences between a sample and a population in statistical terms.
Long Answers
Q1: Describe the steps involved in the statistical analysis of data, from data collection to interpretation.
Q2: Discuss the limitations of statistics in making economic decisions and policies.
You can access the solutions to this worksheet here.
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FAQs on Worksheet: Introduction- 1 - Economics Class 11 - Commerce
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