STD 12 STATISTICS [PART 1 ] {CHAPTER 1} ILLUSTRATION 2 GSEB ENGLISH MEDIUM

Chapter 1 of the Statistics syllabus for 12th class typically covers index numbers. In illustration 2, students might encounter a practical example demonstrating the computation and interpretation of index numbers. This illustration could involve calculating price index numbers, quantity index numbers, or composite index numbers to measure changes in variables like prices, quantities, or overall economic indicators over time. The illustration might include data sets, formulas, and step-by-step calculations to illustrate how index numbers are derived and used in real-world scenarios. Additionally, it may explore the importance of index numbers in economics, business, and government policymaking