Check the below NCERT MCQ Questions for Class 11 Economics Unit 3 Statistical Tools and Interpretation with Answers Pdf free download. MCQ Questions for Class 11 Economics with Answers were prepared based on the latest exam pattern. We have provided Statistical Tools and Interpretation Class 11 Economics MCQs Questions with Answers to help students understand the concept very well.
Class 11 Economics Chapter 3 Statistical Tools and Interpretation MCQ With Answers
Economics Class 11 Chapter 3 MCQs On Statistical Tools and Interpretation
MCQ Questions For Class 11 Statistics Economics Chapter 3 Question 1.
The most common measurement of central tendency is:
(a) Median
(b) Multiple
(c) Mean
(d) Weighted mean.
Answer
Answer: (c) Mean
Class 11 Statistics Chapter 3 MCQ Questions Question 2.
Division of one column in ten equal parts is called:
(a) Decile
(b) Quartile
(c) Percentile
(d) None.
Answer
Answer: (a) Decile
Statistics For Economics Class 11 Chapter 3 MCQ Questions And Answers Question 3.
Which of the following equation is correct:
(a) Anova = σ
(b) Anova = σ-2
(c) Anova = σ4
(d) Anova = √σ × 2.
Answer
Answer: (b) Anova = σ-2
Statistical Tools And Interpretation Class 11 MCQ Question 4.
Where is correlation multiple placed:
(a) Between 0 and + 1
(b) Between – 1 and 0
(c) Between – 1 and + 1
(d) None of these.
Answer
Answer: (c) Between – 1 and + 1
Ch 3 Statistics Class 11 MCQ Question 5.
Base year is:
(a) Comparison year
(b) Present year
(c) Any year
(d) One year previous to present year.
Answer
Answer: (a) Comparison year
Fill in the blanks:
1. Rule of ……………………….. is supposed to be idle for creation of index.
Answer
Answer: Fisher
2. Multiple is the value of column in which ……………………… comes repeatedly.
Answer
Answer: Maximum
3. The value which divides the column into more than two parts is called ……………………………
Answer
Answer: Division
4. ………………………. is the difference between maximum and minimum value.
Answer
Answer: Range
5. …………………………. is the simple ray that shows relation between two values.
Answer
Answer: Analogical relation
State true or false:
1. Cumulative frequency shows “less than” or “more than” of any sequence.
Answer
Answer: True
2. 5 is the mode of the numbers 3, 4, 3, 5, 5, 3, 2.
Answer
Answer: False
3. Range is found by adding highest value and smallest value.
Answer
Answer: False
4. Money inflation is measured on changes of index number of whole sale market of weekly statement.
Answer
Answer: True
5. High income leads high savings.
Answer
Answer: True
Match the columns:
| Column A | Column B |
| 1. \(\frac { Σx }{ N }\), here Σx is | (a) Positive or negative |
| 2. Formula of range | (b) Minimum effect of values |
| 3. Type of correlation | (c) Total of all values |
| 4. Consumer Price Index | (d) \(\frac { H-L }{ H+L }\) |
| 5. Median | (e) Cost of living index. |
Answer
Answer:
| Column A | Column B |
| 1. \(\frac { Σx }{ N }\), here Σx is | (c) Total of all values |
| 2. Formula of range | (d) \(\frac { H-L }{ H+L }\) |
| 3. Type of correlation | (a) Positive or negative |
| 4. Consumer Price Index | (e) Cost of living index. |
| 5. Median | (b) Minimum effect of values |
Answer in one word:
1. Graphic method of studying dispersion.
Answer
Answer: Lorenz curve
2. Definite relation between two or more groups.
Answer
Answer: Correlation
3. One which divides column in ten equal parts.
Answer
Answer: Deciles
4. In India which index helps to measure average change in prices.
Answer
Answer: Consumer Price Index
5. Saving is directly related to.
Answer
Answer: Income
6. What is measure of central tendency?
Answer
Answer: Measure of central tendency is the single value which represents the characteristics of the entire universe.
7. Which is the popular measure of central tendency?
Answer
Answer: Arithmetic mean.
8. Define Arithmetic mean?
Answer
Answer: It is defined as the sum of the values of all observations divided by the number of observations.
9. Find out mode from the following data:
7, 12, 8, 5, 9, 10, 9, 11, 96
Answer
Answer: 9 is the number which is repeated maximum number of times. Hence, mode is 9.
10. Write the formula of weighted arithmetic mean?
Answer
Answer: Weighted Arithmetic Mean = \(\frac{ΣWx}{ΣW}\)
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