Statistics for Economics Class 11 Notes Chapter 5

CBSE Notes for Statistics for Economics Chapter 5

In statistics, the first task is to collect data from the field of investigation which is also known as the universe or population. After this process of presenting data in a table or graph or any diagram it analysis starts. We need to analyze the data to draw a conclusion and inferences. Those inferences are then forecasted to use in practice for different purposes. The central values of the data are those values or items of the data, around which all other items tend to gather. Such central values are the representatives of the whole data. Calculation of representative values of data is called the measure of central tendency. Please refer Statistics for Economics Class 11 Notes Chapter 5 for more information.

Statistics for Economics Class 11 Notes Chapter 5

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