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What is statistics in economics class 11?

3 answer(s)
Answer # 1 #

Statistics in economics is the branch that deals with collection, presentation, analysis, and interpretation of economic data to make meaningful conclusions.

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Answer # 2 #

It includes methods like tabulation, diagrams, measures of central tendency (mean, median, mode), and dispersion (range, variance, standard deviation).

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Answer # 3 #

In class 11, it helps students understand economic trends, national income, and market behavior through quantitative analysis.

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