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NCERT Solutions for Class 11 Statistics Chapter 1

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NCERT Solutions for Class 11 Statistics Chapter 1 - Introduction

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NCERT Solutions for Class 11 Statistics Chapter 1 in its official website of Vedantu has explained the introduction of the statistics in a detailed way according to the level of grade 11. NCERT solutions for class 11 statistics chapter 1 specifies the importance of every topic of the entire chapter. It asks several questions that help to improve their concepts related to the chapter. It also provides several answer questions to make the students understand how to answer them to get a better score. These materials were available in three languages, namely Hindi, Urdu, and English.

The NCERT Solutions for Class 11 Statistics Chapter 1 PDF will be uploaded soon.

FAQ (Frequently Asked Questions)

1. What are your reasons for studying Economics?

Ans. Studying economics has many benefits for a student as well as for the nation. Economics helps us to understand the current scenario and can estimate the future. Economics is simply the planning of utilizing monetary resources. Simply, we can say that it is a budget. It may be either about pocket money or a family's monthly expenditures, quarterly city growth, or even countries' annual budget also.

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

Ans. Every task will be considered as an example for this case which is unlimited wants and limited resources because scarcity is the root of economics. All the time, we have only limited resources, but our desires and wishes will be unlimited. They keep on growing one after another. A simple illustration is, if we have 10 rupees in our pocket, we can get either a bread packet or a coke bottle. But we want both bread and Coke along with some chocolates or noodles etc. Another example is if your person has four buffaloes which give 40 L milk. He may get around 30, 000/- as a profit but his expenditures may meet 60000/- or 80,000/-.