NCERT Books Class 11 Statistics For Economics

CBSE Class 11 NCERT Books for Statistics for Economics 

The Central Board of Secondary Education (CBSE) has over 20,299 schools as members across India. In addition, the National Council of Educational Research and Training (NCERT) is responsible for the publication of textbooks for all of the subjects taught in these institutions and other schools; an example of this would be the NCERT books for Class 11 Economics and Statistics. In addition to this, they are in charge of formulating the curriculum that will be used in the CBSE examinations.

Because it offers such a valuable understanding of the topic, the NCERT Statistics book is required reading for students who will be taking the final test for the CBSE Class 11 curriculum.

Students frequently assume that a subject like statistics is difficult because of the discipline’s reliance on data and numerical figures. Nevertheless, the NCERT book of Statistics for Class 11 is there to assist you by turning the entire learning process into one that is enjoyable and simple to understand.

Extramarks provides a link to a free PDF download of the NCERT Books for Class 11 Statistics, which can be accessed there.

An Introduction to NCERT Statistics Book Class 11

To do well in a topic like statistics, you need to pay extra attention and take a more methodical approach to learn the principles. In addition to that, it is of the utmost importance to clarify the fundamentals. Only then will students be able to do well on their standardised tests. Therefore, the objective of the NCERT books for Class 11 Economics and Statistics is to provide sufficient guidance to students so that reading and working through the book can benefit them on the whole.

The NCERT textbooks comply in every detail with the CBSE curriculum. This eliminates the need for students to bring multiple study books in preparation for a session that is centred on the curriculum. For this reason, you can obtain an in-depth understanding of the course material by downloading the NCERT books in PDF format for Class 11 Statistics.

Chapter-Wise Summary of Class 11 NCERT Statistics

Chapter 1: Introduction

The fundamentals of Economics are broken down into their component parts in the first chapter of the NCERT textbook for class 11 Statistics for Economics. After that, it moves on to the definition of Statistics and what it entails to provide a comprehensive understanding of the breadth of the subject. This chapter explains the significant aspects of statistics in the plural sense, using Bowley’s interpretation of the meaning of Statistics as its foundation.

In addition to that, this chapter presents an analysis of Statistics in its particular context. As Seligman has said. Students also understand the role of Statistics in Economics as part of their education. The limitations of the subject are discussed to close out the chapter.

The activity at the end of the chapter offers some questions for students to answer to evaluate their level of understanding of the material.

Chapter 2: Collection of Data

Students go on to the following chapter of the NCERT book for Class 11 Statistics for Economics, where they learn about the two sources of data and the sorts of data. They are known as primary and secondary data, respectively, and the distinction between the two types of data is discussed further in this chapter.

This chapter also provides an in-depth analysis of the statistical methodologies that were applied during the data collection process. Here is a list of those procedures.

• Direct personal investigation
• Indirect oral investigation
• Information from correspondents or local sources
• Information gathered through schedules and questionnaires.
• Census
• Sample 

In addition to that, this chapter gives insight into a variety of procedures that are used to collect samples, as well as the reliability of those approaches.

Chapter 3: Organisation of Data

Classification is discussed in depth in the third chapter of the NCERT Statistics book for Class 11, which covers one of the most important aspects of statistical analysis. This chapter covers everything, beginning with the purpose and continuing on to the features of effective classification.

This chapter teaches students the many types of statistical series and the different sorts of statistical patterns. 

A majority of them comprise the following: 

• Individual Series
• Frequency Distribution: This chapter gives a lot of attention to the discussion of frequency distribution, which is an important aspect of the covered topic. Additionally, it includes a practice test with questions that are similar to those that may appear in the examination. Students will be able to respond appropriately to any questions they may ask in the examination room if they practise answering problems like these often.

Chapter 4: Presentation of Data

This chapter of the NCERT books for Statistics for Economics Class 11 covers the various ways that data can be presented in statistics. These methods are included in the chapter. The various kinds are described in the following.

• Text
• Tabular
• Diagrammatic

Additionally, each category has several distinguishing qualities elaborated upon in this chapter. From this chapter, students can readily understand the purpose of graphs in statistics and the various types of graphs.

Nevertheless, one cannot simply make a graph since one must adhere to certain guidelines. One can obtain accurate and useful quantitative data if one follows the guidelines. The chapter comes to a close by discussing the benefits of using graphics to represent data as well as the constraints that come along with it.

Chapter 5: Measures of Central Tendency

Measures of Central Tendency focuses on the value that is located in the middle of a statistical series. The various facets of statistical measurements are the primary topic of discussion throughout the majority of this chapter. Economics students can grasp how to compute the arithmetic mean step by step using the information provided in this chapter of the NCERT books for Class 11 Statistics for Economics. Students can quickly acquire the tips and strategies to calculate various statistical data by following the instructions in this book. For instance, the proper applications of terms like the median, percentile, quartiles and mode can frequently become difficult and convoluted.

The NCERT books, on the other hand, have been written in a way that makes it easier for students to understand all of these different components, allowing them to acquire the concepts more rapidly and without spending as much time. In addition, you can immediately make your concept evident by successfully completing the activity at the very end.

Chapter 6: Measures of Dispersion

In the field of statistics, dispersion is a significant concept used to assess a data set’s variation. The many facets of dispersion are brought to the forefront in the primary focus of this chapter from the NCERT books for Class 11 Statistics for Economics. Students will become familiar with the many techniques that can be used to measure dispersion. The following is a list of some of them:

• Range
• Mean Deviation
• Quartile deviation
• Standard Deviation

This chapter devotes extensive attention to each subject, covering many specifics. Students frequently report that these computations appear incomprehensible and difficult to them; as a result, they gradually lose interest in these essential ideas.

However, by studying this book, they will be able to readily interpret the process of these procedures and their suitable usage, which will bring about the most accurate outcome that is conceivable.

Chapter 7: Correlation

A method determining the quantitative link between two separate variables, such as demand and price, is called a correlation. It can be divided basically into two categories.

Positive correlation

Negative correlation

Learners will additionally improve their understanding of the degree of connection as a result of reading this chapter, in addition to the previously mentioned benefits. Moreover,, there are a variety of approaches that can be used to assist in the estimation of correlation. In the textbook that the NCERT provides for Class 11 Statistics for Economics, the theory that Karl Pearson developed on the coefficient of correlation is also an essential component of this chapter.

In addition to that, to get at the end result, this approach considers some particular guidelines, such as the short-cut and step deviation approaches. This book makes all of these ideas clear and straightforward by providing illustrative examples and an in-depth theory explanation.

Chapter 8: Index Numbers

Students need to gain a clear understanding of the index number, which is another important statistical device, to have a solid grasp of the topic. Whether you are studying for a national entrance exam or a board exam, or if you are preparing for any other type of national entrance test, you must have a solid understanding of this topic after then, and only then will you have the ability to handle any question type that may come up throughout the exam.

Download the NCERT books for Class 11 Statistics for Economics for a more understandable presentation of ideas such as constructing index numbers and other related subjects. For instance, there are several varieties of index numbers, such as basic and weighted index numbers; consequently, the procedures used to build them will differ per these variations. After reading this chapter, you will better understand how to discriminate between the two.

Chapter 9: Use of Statistical Tools

The final chapter of the NCERT books for Class 11 Statistics for Economics provides all of the data kinds that are necessary to carry out a statistical operation. These data types are listed in the order in which they are required. Several essential statistical ideas were discussed in the chapters that came before this one. On the other hand, the focus of this chapter is entirely on implementing those ideas in the real world.

To accomplish this, several different methodologies are carried out in sequential order. The following are among them:

• Introduction
• Identifying a particular area of study
• Target group
• Data collection
• Presentation of data in an organised way
• Analysis 
• Conclusion
• Submission of project

Students can provide correct statistical results upon successfully completing steps that are presented in a sequential order.

Students may easily grasp the concepts without making mistakes if they read this book because it has many examples to illustrate them.

Why are NCERT Books Essential for CBSE Board Exam Preparation?

There are a lot of books for Class 11 Statistics available on the market right now. Despite this, students frequently place NCERT books at the top of their reading lists. What do you believe the possible explanation for that could be? Take into consideration the several facets listed below to understand this.

Let’s Take a Look!

• Students can acquire a sound understanding of the fundamentals by reading any NCERT book, regardless of the field of study, because these books contain in-depth discussions of each and every topic. Students who have built a solid foundation in any topic are better prepared to perform well on tests and achieve high scores. Simply memorising all the information in a subject won’t get you practically that far. As a result, the NCERT emphasises delivering high-quality instruction to students to develop a deeper appreciation for the material beyond simply improving their test scores.
• Students can acquire a good sense of the kinds of questions on their board examination by doing the activities provided at the end of each chapter in the NCERT textbook for Class 11 Statistics for Economics. These exercises have been designed to demonstrate full mastery of the topic at hand and an understanding of the underlying concepts of the various chapters. In addition, about 95 per cent of the questions that are on the CBSE board exams are taken from these textbooks. Therefore, having the students complete these tasks will allow them to answer more quickly.
• In addition to this, NCERT publications are distinguished by the presence of simplified diagrams and illustrations drawn from real-world situations. Students can better connect what they learn in the classroom and what they see outside. Students do not need to memorise the lesson because multiple examples are contained inside each topic. Instead, they should focus on memorising the principles to properly answer questions during the exam. Because of this factor, lecturers frequently make reference to these texts when delivering their teachings in the classroom.
• The ready availability of NCERT books contributes to the popularity of these textbooks. These books can be purchased in physical stores as well as online. If a student does not feel comfortable reading books online, they have the option to acquire a real copy of the book from any reputable book store. On the other hand, students who are interested in economising on purchases of this kind have the option of downloading the NCERT books in a PDF format and carrying on with their academic preparation in a manner that is most convenient for them.

After considering all of these aspects, it is simple to see why they are gaining so much popularity. Download the NCERT books that are required for Class 11 Statistics for Economics right now so that you can get a head start on your studies and preparation for the exams.

What Makes Extramarks a Leading E-Learning Site?

Extramarks has built its stellar reputation on the principle that it is committed to eliciting the highest possible performance from each individual student. For this purpose, we have all of the instructional machinery, beginning with notes and progressing all the way up to PDF books, online books and models of questions. 

Don’t let this cause you concern, even if you’re having trouble with tough subjects like Statistics. Start preparing for the upcoming tests by downloading the NCERT books that are required for Class 11 Statistics for Economics. In addition, you are welcome to participate in our online session to get any questions answered.

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