NCERT Book Class 11 Economics (Statistics for Economics) Chapter 8 Use of Statistics

CHAPTER

Use of Statistical Tools

how statistical tools and methods can
Studying this chapter should
be used for various types of analysis.
enable you to:
• be familiar with steps in
For example, you may have to collect
designing a project; information about a product from the
• apply various statistical tools in consumer or about a new product or
analysing a problem. service to be launched in the market by
the producer or analyse the spread of
information technology in schools and
1. INTRODUCTION so on. Developing a project by
You have studied about the various conducting a survey and preparing a
statistical tools. These tools are report will help in analysing relevant
important for us in daily life and are information and suggesting
improvements in a product or system.
used in the analysis of data pertaining
to economic activities such as
Steps Towards Making a Project
production, consumption, distribution,
banking and insurance, trade, Identifying a problem or an area of
transport, etc. In this chapter, you will study
learn the method of developing a At the outset, you should be clear about
project. This will help in understanding what you want to study. On the basis