Statistics – Scope, Data Collection & Presentation Quiz - ICSE Class 11 Economics

Free practice quiz: Statistics – Scope, Data Collection & Presentation (ICSE Class 11 Economics). 51 multiple-choice questions with answers and explanations. Play online, no sign-up needed.

Sample questions

1. Which of the following is NOT a characteristic of statistics as a science?

   1. It deals with quantitative data.
   2. It involves the collection, analysis, and interpretation of data.
   3. It provides definitive and universally applicable laws.
   4. It aids in decision-making under uncertainty.
   Show answer

   Answer: C. It provides definitive and universally applicable laws.

   Statistics deals with probabilities and tendencies, not definitive laws like physics. While it uses quantitative data for analysis and interpretation, its conclusions are often probabilistic and context-dependent, aiding in decision-making under uncertainty.

2. A researcher conducts a survey of 100 households to understand their consumption patterns. This is an example of data collection using:

   1. Census
   2. Sampling
   3. Experimentation
   4. Observation
   Show answer

   Answer: B. Sampling

   When data is collected from a subset of a larger population (like 100 households out of all households in a region), it's called sampling. A census would involve collecting data from every member of the population.

3. Which of the following is a measure of dispersion, not central tendency?

   1. Mean
   2. Median
   3. Mode
   4. Standard Deviation
   Show answer

   Answer: D. Standard Deviation

   Standard deviation measures the spread or dispersion of data points around the mean. Mean, median, and mode are measures of central tendency, indicating the center of the data.

4. Which of the following best describes the 'scope' of statistics in economics?

   1. It is limited to macroeconomic data only.
   2. It is confined to simple averages and percentages.
   3. It encompasses the use of statistical methods to analyze all aspects of economic activity.
   4. It is primarily concerned with forecasting future stock prices.
   Show answer

   Answer: C. It encompasses the use of statistical methods to analyze all aspects of economic activity.

   Statistics is a versatile tool used across microeconomics, macroeconomics, econometrics, and various other economic subfields to understand and analyze economic behavior and trends.

5. The range of statistics in economics is vast, covering areas such as:

   1. Household behavior and market analysis.
   2. National income and international trade.
   3. Economic growth and development.
   4. All of the above.
   Show answer

   Answer: D. All of the above.

   Statistics is applicable to all levels of economic study, from microeconomic units like households and firms to macroeconomic aggregates and global economic issues.

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