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Class 11th Economics - Measures of Central Tendency Case Study Questions and Answers 2022 - 2023

Published on: 08/09/2022

QB365 provides a detailed and simple solution for every Possible Case Study Questions in Class 11 Economics Subject - Measures of Central Tendency, CBSE. It will help Students to get more practice questions, Students can Practice these question papers in addition to score best marks.

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Questions:

Case Study Questions

1 x 4 = 4

The measures of central tendency summarise the data with a single value, which can represent the entire data. It is a single most typical or representative value to describe the entire mass of data. Arithmetic mean is the most commonly used average. It is simple to calculate and is based on all the observations, but it is also unduly affected by the presence of extreme items. Median is a better summary for such data. Mode is generally used to describe the qualitative data. Further Median and Mode can be easily computed graphically.
(a) Define an 'average'.
(b) Elaborate which average is considered to be the mostly commonly used average.
(c) Give one difference between Mean and Mode.

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Answers Key:

Case Study Questions

1 x 4 = 4

(a) An average is a single most typical or representative value to describe the entire mass of data.
(b) Arithmetic mean is considered to be the most commonly used average. This is because:
(i) It is simple to calculate.
(ii) It is based on all the observations of a series. But at the same time it is unduly affected by the presence of extreme items.
(c) Mode can be easily computed graphically whereas Mean cannot be computed graphically.