Class 11 Statistics NCERT Solutions for Chapter 1 2023: Download Free PDF

NCERT Solutions for Class 11 Statistics Chapter 1 2023: According to the grade 11 level, we have thoroughly explained the introduction to statistics. The relevance of each topic in the entire chapter is described in NCERT Solutions For Class 11 Statistics Chapter 1. It asks a series of questions to assist students to improve their understanding of the chapter’s contents. It also includes many answer questions to help students learn how to respond to them.

NCERT Solutions for Class 11 Statistics Chapter 1 PDF

NCERT Solutions For Statistics Class 11 Ch 1

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NCERT Solutions for Class 11 Statistics Chapter 1: Overview

 NCERT Solutions For Class 11 Statistics Chapter 1 is available for reading, and students may download it for free in PDF format. These digital books can assist pupils in gradually grasping all subjects. It is possible to revise as many times as necessary. 

NCERT Solutions Chapter1: Introduction

Statistics Class 11 NCERT Solutions For Class 11  Statistics Chapter 1 strives to provide students with a thorough understanding of both the subject of Economics and the topic of Statistics. Because children progress through the grades, classes 11 and 12 serve as turning points in their professional choices. As a result, they should be familiar with all of the subjects so that they can pick and choose according to their preferences.

What is Statistics?

NCERT Solutions Class 11 Statistics presents a comprehensive overview of statistics, beginning with its origins. Statistics is a singular word with multiple senses, according to the Oxford Dictionary. It signifies that it is a collection of values for many things. Statistics is also a way of quantifying tasks in order to improve or improve their quality.

Access NCERT Solutions For Class 11 Statistics Chapter 1

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.

(i) Statistics can only deal with quantitative data. 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, statistics describes the attributes of these variables.
(ii) Statistics solves economic problems. 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) Statistics is of no use to economics without data. True
Data enable economists to present economic facts in a precise and concise form. The data itself is self-explanatory. For example, if the per capita monthly income in India has increased from Rs 300 to Rs 600 from 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 a higher standard of living, low level of poverty, higher level of savings, etc.

2. Make a list of activities that constitute the ordinary business of life. Are these economic activities?
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
a livelihood.

‘The Government and policymakers use statistical data to formulate suitable policies of economic development’. Illustrate with two examples.
The statistical data is of prime importance for the government and the policymakers. The statistical data not only help them to analyze 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 on government expenditures and government revenues are taken into consideration for estimating the allocation of funds among various projects.

3.”You have unlimited wants and limited resources to satisfy them.” Explain by giving two examples.

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 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 between the production of guns and bread. 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 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.

4. How will you choose the wants to be satisfied?

An individual fulfills his/her wants according to his/her needs, satisfactions, and priority attached to different wants. Those wants will be fulfilled first which provides the highest satisfaction to the individual and to which the individual has attached the topmost 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 realize 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.

5. What are your reasons for studying Economics?

The need to study economics stems from the basic problem of scarcity and choice. The basic concern of economics is to allocate scarce resources to the best possible use in the face of unlimited wants. Consequent to the scarce availability of resources, an economy needs to make a choice to allocate the scarce resources to the areas with the maximum possible and optimum returns. Thus, the study of economics is very important. The following are the reasons that make the study of economics inevitable.
1. To study the Theory of Consumption
The Theory of Consumption deals with the study of the behavior of consumers in different types of markets. The basic concern
of this theory is how a rational consumer makes his/her preferences to get the maximum possible satisfaction in the facet of fixed
level of income, given the prices of the goods, etc.
2. To study the Theory of Production
The Theory of Production studies the production decisions of producers in different types of markets. The theory investigates how
a producer takes production decisions. The theory highlights how a producer combines different inputs (given their prices) in order
to minimize the cost of production and maximize profits.
3. To study the Theory of Distribution
The study of economics makes us aware of the distribution of national income. In other words, how the income arising from the total production of an economy is distributed in the form of wage, profit, rent, and interest to different factor owners (like labor,
entrepreneur, land, capital).
4. To study the basic macroeconomic problems faced by an economy
Economics proves as the most powerful tool to understand and analyze the root cause of basic macroeconomic problems faced by an economy like poverty, unemployment, income disparity, etc. Economics helps us not only in understanding the interrelationship among these problems (like the relationship between poverty and unemployment) but also to take various corrective measures.

6. Statistical methods are no substitute for common sense. Comment.

A statement of attention to the students of statistics is being referred to here. Statistical data should not be believed blindly as it can be misinterpreted or misused. The statistical data may be politically influenced, may involve personal biases, or may undergo data
mining (manipulations). Moreover, statistical data and methods fail to reveal the errors committed by an investigator while surveying and collecting data. Thus, the students are advised to use their common sense while working with the statistical data. This point can
be better understood with the help of the following example. According to a survey that was conducted on the Death Rate, it was found that the number of deaths per 1,000 people was more in doctors accessible regions compared to the death rate in remote areas. Such statistical data violate common sense and thereby is misleading. Therefore, the students are advised not to have lope sided beliefs on the statistical data and methods but simultaneously should evaluate the statistical results logically and should offend
the results if it violates their common sense. Thus, it can be concluded that statistics is like clay that can be transformed in either a good or bad way in order to draw right or wrong
conclusions. Hence, numerical data should not be deliberately used without applying common sense.

Access Other Chapters And NCERT Solutions of Class 11 Statistics

You can download the PDF of NCERT Solutions For Class 11 Statistics for chapters other than Ch 1:

• Chapter-2 Collection Of Data
• Chapter-3 Organization Of Data
• Chapter-4 Presentation of Data
• Chapter-5 Measures of Central Tendency
• Chapter-6 Measures of Dispersion
• Chapter-7 Correlation
• Chapter-8 Index Numbers

We have provided all the important above in the article regarding the CBSE NCERT Solutions For Class 11 Statistics Chapter-1. If you have any queries, you can mention them in the comment section.

FAQ (Frequently Asked Questions): NCERT Solutions For Class 11 Statistics