Important Questions: Introduction | Economics Class 11 - Commerce PDF Download

Q1: What is inferential statistics?
Ans: Inferential statistics involve drawing conclusions about a larger population based on a given sample.

Q2: Define statistics as a singular noun.
Ans: In the singular form, statistics refers to the science and methods related to the analysis, collection, and interpretation of quantitative data.

Q3: Define statistics.
Ans: Statistics encompasses the collection, presentation, classification, analysis, and interpretation of quantitative data.

Q4: What are the two components of the subject matter in statistics?
Ans: The two components of the subject matter in statistics are descriptive statistics and inferential statistics.

Q5: What are the three components of economics?
Ans: The three components of economics are consumption, production, and distribution.

Q6: Define statistics as a plural noun.
Ans: In its plural form, statistics denote numerical information such as employment statistics, population data, and public expenditure figures.

Q7: What is descriptive statistics?
Ans: Descriptive statistics entail methods for collecting, presenting, and analyzing data, including measurements of central tendencies, dispersion, correlation, etc.

Q8: What are the scopes of statistics?
Ans: The scopes of statistics include understanding the nature and subject matter of statistics, as well as recognizing its limitations.

Q9: What are the stages of statistical study?
Ans: The stages of a statistical study include data collection, organization, presentation, analysis, and interpretation.

Q10: What are the tools used, related to statistical study?
Ans: Tools used in statistical studies encompass census or sample techniques, tally bars, graphs, tables, diagrams, averages, percentages, regression coefficients, and correlations.