Chapter Wise Topic Wise Notes Class 11 Economics (Statistics for Economics) Chapter 5 Measures of Central Tendency

These chapter-wise, topic-wise notes for Class 11 Economics provide a detailed and easy-to-understand explanation of Chapter 5: Measures of Central Tendency from Statistics for Economics. The notes cover the concept, objectives, and importance of central tendency in summarizing and analyzing economic data. Students will learn about key measures including mean, median, and mode, along with their methods of calculation, advantages, and limitations. The notes also explain the relationship between different measures, their application in real-life economic scenarios, and the choice of an appropriate measure based on data type. Practical examples, step-by-step calculations, and diagrams simplify complex concepts and make revision efficient. Designed for conceptual clarity and exam readiness, these notes serve as a valuable resource for Class 11 learners to understand central tendency, interpret economic data effectively, and excel in Statistics for Economics assessments.