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Economics Important Questions Solutions

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Economics Important Questions Solutions

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Uploaded by

oahwow2
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Class 11 Economics - Important Questions & Solutions

1. Ogive (Graphical)
Question: The following table shows the cumulative frequency distribution of marks obtained by
students in an exam. Draw both 'Less Than' and 'More Than' Ogives on the same graph and find the
median graphically.
Data: Marks (Less Than): 10, 20, 30, 40, 50, 60, 70, 80, 90, 100
Cumulative Frequency: 5, 12, 20, 32, 45, 57, 68, 75, 80, 85
Solution: 1. Plot the 'Less Than' cumulative frequency curve by marking cumulative frequencies
against the upper class boundaries.
2. Plot the 'More Than' Ogive by marking cumulative frequencies in reverse.
3. The intersection of both curves gives the median.

2. Histogram (Adjusted Frequency)


Question: Draw a histogram for the following data with unequal class intervals. Adjust the
frequencies using the adjustment factor method.
Data: Class Intervals: 0-10, 10-20, 20-40, 40-50, 50-70
Frequencies: 5, 8, 15, 10, 12
Solution: 1. Adjustment Factor = (Class Width of the smallest interval) ÷ (Class Width of the
interval).
2. Adjust frequencies using this factor.
3. Draw histogram with adjusted frequencies.

3. Pie Diagram
Question: The monthly expenditure of a family is as follows: Food - Rs.4000, Rent - Rs.2000,
Education - Rs.3000, Clothing - Rs.1000, Others - Rs.2000. Represent this data using a pie
diagram.
Solution: 1. Total expenditure = Rs.12,000.
2. Calculate angles: (Category Amount ÷ Total) × 360°.
3. Draw the pie diagram with these angles.

4. Correlation (Actual Mean Method)


Question: Calculate Karl Pearson's coefficient of correlation for the following data using the actual
mean method.
X: 10, 20, 30, 40, 50
Y: 15, 25, 35, 45, 55
Solution: Formula: r = Sum[(X - X-bar)(Y - Y-bar)] / sqrt[Sum(X - X-bar)² × Sum(Y - Y-bar)²]
1. Calculate means X-bar and Y-bar.
2. Find deviations (X - X-bar) and (Y - Y-bar).
3. Multiply deviations, square them, and apply the formula.

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