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Sandeep Garg Economics Class 11 Solutions for Chapter 5

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Last updated date: 26th Feb 2024
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IVSAT 2024

Class 11 Economics Sandeep Garg Solutions Chapter 5 – Measures of Central Tendency- Arithmetic Mean

Economics is one of the easiest and most scoring subjects in Class 11. It is a conceptual subject with easy to understand language. To obtain complete benefits of these facts, you should study the Economics subject by using Sandeep Garg Economics Class 11 Solutions. The solutions are easy to understand, as there are stepwise explanations for each problem. The information provided here is compact, authentic and 100% accurate. 

Class 11 Sandeep Garg Solutions Measures of Central Tendencies of Arithmetic Mean

Overview of Measures of Central Tendency- Arithmetic Mean

Measures of Central Tendency Arithmetic Mean Class 11 Economics Sandeep Garg gives a detailed explanation where you will learn how to calculate mean, mode, and median along with its graphical representations. 

  1. Arithmetic Mean: The value obtained by the sum of the values of all observations and divided by the number of observations. It is known as average or means. 
    Along with this, you will learn the purposes, functions, and Essentials of averages, Merits, and demerits of Arithmetic mean.

  1. Median: The middle value of the series when arranged in order of magnitude.

  2. Partition Values: The dividing value, when a series is divided into more than two parts.

  • Quartiles:  It divides the data into four equal parts. It is denoted by ‘Q’

  • Deciles:  It divides the series into ten equal parts. It is denoted by D.

  • Percentiles: It divides the series into a hundred equal parts. It is denoted by P.

  1. Mode: The value which occurs most frequently in the series.

You will learn their Merits and demerits of median and mode and their relation with each other and mean.


Illustration

1. Find an Average for the Following Individual Data

5,  15,  10,  26,  14,  20,  15

Ans: Calculating the average using the direct method:

Average (X)=ΣX / N or, 

X  =  (5 + 15 + 10 + 26 + 14 + 20 + 15)/7

 = 105/7

⇒X= 15

Hence, the average of the above individual data is 15.


Sandeep Garg Economics Solutions for Class 11 Tips for a Better Score    

  • To have an in-depth understanding of Chapter 5, download our Class 11 Sandeep Garg Chapter 5 Pdf. It is handy learning material for learning and revision as it highlights important topics and explains the concepts through detailed explanations, examples, and diagrams in a systematic manner.

  • Focus on numerical & graphs along with definitions as they are the most important aspect of this chapter.

  • Practising a variety of questions from Class 11 Economics Sandeep Garg Solution Chapter 5 Measures Of Central Tendency Arithmetic Mean gives you the ability to tackle various types of questions. 


Conclusion

Class 11 Economics Sandeep Garg Solutions Chapter 5 Measures of Central Tendencies Of Arithmetic Mean help to focus on fundamentals and strengthen your foundation in the subject. Questions keep repeating in the Board exams from Sandeep Garg Class 11 Economics Solutions Chapter 5. Preparing using these study materials makes students score better. 

Sandeep Garg Economics Class 11 Solutions for Chapter 5: Measures of Central Tendency- Arithmetic Mean is one of the editions of Sandeep Garg solutions curated by experts in Economics such that students of Class 11 understands the concepts and develop a love for the subject in general.

Vedantu also aims at providing the best insight into the subject and providing a valuable advantage of learning easily via the Sandeep Garg Economics Class 11 solutions.

FAQs on Sandeep Garg Economics Class 11 Solutions for Chapter 5

1. What are the topics that are covered by Sandeep Garg Economics Class 11 Solutions for Chapter 5: Measures of Central Tendency- Arithmetic Mean?

There are a number of topics covered in the Sandeep Garg Economics Class 11 Solutions for Chapter 5 Measures of Central Tendency- Arithmetic Mean and the topics can be provided as follows:

  • Arithmetic means: This is the value that is obtained by the sum of all the values obtained during the observation which is divided by the total number of observations. It is also commonly called average value or mean value.

  • Median values: When you get a number of values in observation in order to find the middle value of the number of observations, the study of Median is used provided the values are arranged in ascending order.

  • Mode: The mode of tabulated data means the value that occurs the most in the number of observations provided. For example, if you have a number of data such as 12, 13, 16, 12, 18, 12, 20. In this case, the mode of the said observations will be 12.

2. Is it possible to learn more about tabulated data and finding average value via Sandeep Garg Economics Class 11 Solutions for Chapter 5 Measures of Central Tendency- Arithmetic Mean?

Yes, Sandeep Garg Economics Class 11 Solutions for Chapter 5 Measures of Central Tendency- Arithmetic Mean helps students learn more into detail about how to tabulate data in an effective manner and the distribution of the overall data in an arranged manner. Students also get to learn how to find the average value, median, and mode of the tabulated data using the Solutions by Sandeep Garg. With these solutions, you will get help solving simple problems in a much-structured format, and by understanding the concept you can use it in your exams as well.

3. How does the tabulated data and other topics mentioned in Sandeep Garg Economics Class 11 Solutions for Chapter 5 Measures of Central Tendency- Arithmetic Mean help in daily life use?

At times you get a number of data that seems hard to be distributed correctly and understand how many values belong to each set. In such a case learning the Sandeep Garg Economics Class 11 Solutions for Chapter 5 Measures of Central Tendency- Arithmetic Mean will help you in your daily life issues. For example, there is data on the census of the children born in each district. There will be certain data on unborn children, handicapped children, children with high intellect, and other such factors to simplify the number of children born. By using the data given you can simplify it using the mean, median, and mode method and understand the given content in a much easier way.

4. Will Sandeep Garg Economics Class 11 Solutions for Chapter 5 Measures of Central Tendency- Arithmetic Mean help me score high marks during my Class 11 exam?

Yes, by accessing the Sandeep Garg Economics Class 11 Solutions for Chapter 5 Measures of Central Tendency- Arithmetic Mean via Vedantu you get an idea regarding what is involved in Chapter 5 and what are its components. You also get to prepare for the exams in advance and help you to maintain a better confidence level which would have been otherwise not possible if you learn all the concepts just before the exam. You can also access the NCERT solutions via Vedantu for Class 11 chapter 5 Measures of Central Tendency- Arithmetic Mean for clear concept explanation along with the live interactive classes.

5. What are the best books on Economics one should read if they are interested in the subject?

There are a number of economic books that one should access to make sure you understand the core concepts of Economics. Provided the student is quite new to the field of economics being Class 11, you can check out the following books that will develop a peculiar love with the subject:

  1. Wealth of Nations by Adam Smith is one of the first books of modern-day economic thought which might be a bit heavy for beginners but holds a real high value for its content.

  2. The age of uncertainty, also based on modern-day economics by John Kenneth Galbraith is one of the must-read books for all economics enthusiasts!

  3. Economics in  One Lesson, which is written by Henry Hazlitt, is an excellent book and worth reading at least once in your lifetime!

  4. Freakonomics written by Steven D. Levitt and Stephen J. Dubner is another book that will amuse students from Class 11 bringing forth the love for the subject even more. It answers the questions that you might have not even thought about!