{"id":14062,"date":"2022-07-06T11:08:38","date_gmt":"2022-07-06T05:38:38","guid":{"rendered":"https:\/\/scholarsclasses.com\/blog\/?p=14062"},"modified":"2025-01-04T16:11:18","modified_gmt":"2025-01-04T10:41:18","slug":"11th-economics-chapter-3-exercise","status":"publish","type":"post","link":"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-3-exercise\/","title":{"rendered":"11th Economics Chapter 3 Exercise Answers (Partition Values) Maharashtra Board &#8211; Free Solution"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e48ad6a2afd\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e48ad6a2afd\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-3-exercise\/#11th_Economics_Chapter_3_Exercise\" >11th Economics Chapter 3 Exercise<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-3-exercise\/#Chapter_3_%E2%80%93_Partition_Values\" >Chapter 3 &#8211; Partition Values<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-3-exercise\/#Q_1_Choose_the_correct_option\" >Q. 1. Choose the correct option<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-3-exercise\/#Q_2_Identify_the_correct_pairs_from_the_given_options\" >Q. 2. Identify the correct pairs from the given options<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-3-exercise\/#Q_3_Give_economic_terms\" >Q. 3. Give economic terms<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-3-exercise\/#Q_4_Solve_the_following\" >Q. 4. Solve the following<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-3-exercise\/#Q5_State_with_reasons_whether_you_agree_or_disagree_with_the_following_statements\" >Q.5. State with reasons whether you agree or disagree with the following statements<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-3-exercise\/#Q6_Answer_the_following_questions_on_the_basis_of_the_following_table\" >Q.6. Answer the following questions on the basis of the following table<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-3-exercise\/#Solution_of_all_Chapters_of_Economics\" >Solution of all Chapters of Economics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-3-exercise\/#Check_out_other_posts_related_to_11th_Commerce\" >Check out other posts related to 11th Commerce<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading has-text-align-center\"><span class=\"ez-toc-section\" id=\"11th_Economics_Chapter_3_Exercise\"><\/span>11th Economics Chapter 3 Exercise<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" data-src=\"https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2022\/07\/11th-Economics-Chapter-3-Exercise-1024x576.webp\" alt=\"11th Economics Chapter 3 Exercise\" class=\"wp-image-21765 lazyload\" title=\"\" data-srcset=\"https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2022\/07\/11th-Economics-Chapter-3-Exercise-1024x576.webp 1024w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2022\/07\/11th-Economics-Chapter-3-Exercise-300x169.webp 300w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2022\/07\/11th-Economics-Chapter-3-Exercise-768x432.webp 768w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2022\/07\/11th-Economics-Chapter-3-Exercise-1536x864.webp 1536w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2022\/07\/11th-Economics-Chapter-3-Exercise.webp 1920w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/576;\" \/><figcaption class=\"wp-element-caption\">11th Economics Chapter 3 Exercise<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center has-black-color has-vivid-green-cyan-background-color has-text-color has-background has-medium-font-size\"><span class=\"ez-toc-section\" id=\"Chapter_3_%E2%80%93_Partition_Values\"><\/span><strong>Chapter 3 &#8211; <\/strong>Partition Values<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q_1_Choose_the_correct_option\"><\/span>Q. 1. Choose the correct option<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>1) Statements that do not apply to Quartiles.<br><\/strong>a) First arrange the values in ascending or descending order.<br>b) Observation can be divided into 4 parts.<br>c) They are represented as Q<sub>1<\/sub>, Q<sub>2<\/sub>, and Q<sub>3<\/sub><br>d) Q<sub>2<\/sub> is also known as median.<br><strong>Options: <br><\/strong>1) a <br>2) b and c<br>3) a, b and c <br><strong><span class=\"has-inline-color has-vivid-purple-color\">4) None of these<\/span><\/strong><\/p>\n\n\n\n<p><strong>2) D<sub>7<\/sub> from the given data.<br><\/strong>Data \u2013 4, 5, 6, 7, 8, 9, 10, 11, 12<br><strong>Options:<br><\/strong>1) 7 <br>2) 9 <br><strong><span class=\"has-inline-color has-vivid-purple-color\">3) 10 <br><\/span><\/strong>4) 12<\/p>\n\n\n\n<p><strong>3) Statements related to partition values that are correct.<br><\/strong>a) Exact divisions of percentiles into 100 parts gives 99 points<br>b) Deciles have total 9 parts<br>c) Quartiles are shown by Q<sub>1<\/sub>, Q<sub>2<\/sub>, and Q<sub>3<\/sub><br>d) Symbolically, Percentiles and Deciles are shown by P and D<br><strong>Options: <br><\/strong>1) a and c <br>2) a and b<br>3) a, b and c <br><strong><span class=\"has-inline-color has-vivid-purple-color\">4) a, c and d<\/span><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q_2_Identify_the_correct_pairs_from_the_given_options\"><\/span>Q. 2. Identify the correct pairs from the given options<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"804\" height=\"442\" data-src=\"https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2022\/07\/Screenshot-2022-07-02-at-12.14.30-PM.png\" alt=\"Choose the correct pair (Partition Value)\" class=\"wp-image-21315 lazyload\" title=\"\" data-srcset=\"https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2022\/07\/Screenshot-2022-07-02-at-12.14.30-PM.png 804w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2022\/07\/Screenshot-2022-07-02-at-12.14.30-PM-300x165.png 300w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2022\/07\/Screenshot-2022-07-02-at-12.14.30-PM-768x422.png 768w\" data-sizes=\"(max-width: 804px) 100vw, 804px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 804px; --smush-placeholder-aspect-ratio: 804\/442;\" \/><\/figure>\n\n\n\n<p>Options : <br>1) 1-b, 2-c, 3-a <br><strong><span class=\"has-inline-color has-vivid-purple-color\">2) 1- c, 2-a, 3-b<br><\/span><\/strong>3) 1- c, 2-b, 3-a <br>4) 1- a, 2-b, 3-c<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q_3_Give_economic_terms\"><\/span>Q. 3. Give economic terms<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>1) Procedure for dividing the data into equal parts. &#8211; <strong>(Partitioning)<\/strong><br>2) Value that divides the series into ten equal parts. &#8211; <strong>(Deciles)<\/strong><br>3) Value that divides the whole set of observations into four equal parts. &#8211; <strong>(Quartiles)<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q_4_Solve_the_following\"><\/span>Q. 4. Solve the following<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-accent-2-color\"><strong><strong>1) Calculate Q<sub>1<\/sub>, D<sub>4<\/sub> and P<sub>26<\/sub> for the following data.<\/strong><\/strong><br><\/mark><strong>18, 24, 45, 29, 4, 7, 28, 49, 16, 26, 25, 12, 10, 9, 8<\/strong><\/p>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-accent-2-color\">2) Calculate Q<sub>3<\/sub>, D<sub>5,<\/sub> and P<sub>35<\/sub> for the given data.<\/mark><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Income (in lakhs Rs<\/strong><strong>)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">1<\/td><td class=\"has-text-align-center\" data-align=\"center\">2<\/td><td class=\"has-text-align-center\" data-align=\"center\">3<\/td><td class=\"has-text-align-center\" data-align=\"center\">4<\/td><td class=\"has-text-align-center\" data-align=\"center\">5<\/td><td class=\"has-text-align-center\" data-align=\"center\">6<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>No. of family<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">2<\/td><td class=\"has-text-align-center\" data-align=\"center\">5<\/td><td class=\"has-text-align-center\" data-align=\"center\">20<\/td><td class=\"has-text-align-center\" data-align=\"center\">25<\/td><td class=\"has-text-align-center\" data-align=\"center\">15<\/td><td class=\"has-text-align-center\" data-align=\"center\">12<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-accent-2-color\"><strong><strong>3) Find out P<sub>50<\/sub> for the following data.<\/strong><\/strong><\/mark><\/strong><\/mark><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong><strong>Wages (in <\/strong>Rs<strong>) <\/strong>(<strong><em>x<\/em><\/strong>)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Number of workers<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">0-20<\/td><td class=\"has-text-align-center\" data-align=\"center\">4<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">20-40<\/td><td class=\"has-text-align-center\" data-align=\"center\">6<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">40-60<\/td><td class=\"has-text-align-center\" data-align=\"center\">10<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">60-80<\/td><td class=\"has-text-align-center\" data-align=\"center\">25<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">80-100<\/td><td class=\"has-text-align-center\" data-align=\"center\">15<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-accent-2-color\"><strong><strong>4) Calculate Q<sub>3<\/sub> for the following data.<\/strong><\/strong><\/mark><\/strong><\/mark><\/strong><\/mark><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong><strong>Sales (in <\/strong><strong>lakhs <\/strong>Rs<strong>)<\/strong><\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">10-20<\/td><td class=\"has-text-align-center\" data-align=\"center\">20-30<\/td><td class=\"has-text-align-center\" data-align=\"center\">30-40<\/td><td class=\"has-text-align-center\" data-align=\"center\">40-50<\/td><td class=\"has-text-align-center\" data-align=\"center\">50-60<\/td><td class=\"has-text-align-center\" data-align=\"center\">60-70<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>No. of family<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">20<\/td><td class=\"has-text-align-center\" data-align=\"center\">30<\/td><td class=\"has-text-align-center\" data-align=\"center\">70<\/td><td class=\"has-text-align-center\" data-align=\"center\">48<\/td><td class=\"has-text-align-center\" data-align=\"center\">32<\/td><td class=\"has-text-align-center\" data-align=\"center\">50<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-accent-2-color\"><strong><strong>5) Calculate D<sub>7<\/sub> for the following data.<\/strong><\/strong><\/mark><\/strong><\/mark><\/strong><\/mark><\/strong><\/mark><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong><strong>Profit (in crores<\/strong><strong> <\/strong>Rs<strong>)<\/strong><\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">10-20<\/td><td class=\"has-text-align-center\" data-align=\"center\">20-30<\/td><td class=\"has-text-align-center\" data-align=\"center\">30-40<\/td><td class=\"has-text-align-center\" data-align=\"center\">40-50<\/td><td class=\"has-text-align-center\" data-align=\"center\">50-60<\/td><td class=\"has-text-align-center\" data-align=\"center\">60-70<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>No. of family<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">20<\/td><td class=\"has-text-align-center\" data-align=\"center\">30<\/td><td class=\"has-text-align-center\" data-align=\"center\">70<\/td><td class=\"has-text-align-center\" data-align=\"center\">48<\/td><td class=\"has-text-align-center\" data-align=\"center\">32<\/td><td class=\"has-text-align-center\" data-align=\"center\">50<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-accent-2-color\"><strong><strong>6) Calculate P<sub>15<\/sub> for the following data.<\/strong><\/strong><\/mark><\/strong><\/mark><\/strong><\/mark><\/strong><\/mark><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong><strong>Profit (in crores<\/strong><strong> <\/strong>Rs<strong>)<\/strong><\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">0-10<\/td><td class=\"has-text-align-center\" data-align=\"center\">10-20<\/td><td class=\"has-text-align-center\" data-align=\"center\">20-30<\/td><td class=\"has-text-align-center\" data-align=\"center\">30-40<\/td><td class=\"has-text-align-center\" data-align=\"center\">40-50<\/td><td class=\"has-text-align-center\" data-align=\"center\">50-60<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>No. of family<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">5<\/td><td class=\"has-text-align-center\" data-align=\"center\">10<\/td><td class=\"has-text-align-center\" data-align=\"center\">25<\/td><td class=\"has-text-align-center\" data-align=\"center\">30<\/td><td class=\"has-text-align-center\" data-align=\"center\">20<\/td><td class=\"has-text-align-center\" data-align=\"center\">10<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><strong><a href=\"https:\/\/scholarsclasses.com\/blog\/11th-commerce-notes-maharashtra-board\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-commerce-notes-maharashtra-board\/\">Solution of other subjects<br><\/a><a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-textbook-solutions-maharashtra-board\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-textbook-solutions-maharashtra-board\/\">Solution of all Chapters of Economics<br><\/a> <a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-1-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-1-exercise\/\">1<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-2-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-2-exercise\/\" target=\"_blank\" rel=\"noreferrer noopener\">2<\/a>&#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-3-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-3-exercise\/\">3<\/a><strong> &#8211;<\/strong> <a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-4-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-4-exercise\/\">4<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-5-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-5-exercise\/\">5<\/a><\/strong> <strong>&#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-6-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-6-exercise\/\">6<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-7-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-7-exercise\/\">7<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-8-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-8-exercise\/\">8<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-9-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-9-exercise\/\">9<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-10-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-10-exercise\/\">10<\/a><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q5_State_with_reasons_whether_you_agree_or_disagree_with_the_following_statements\"><\/span>Q.5. State with reasons whether you agree or disagree with the following statements<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong><span class=\"has-inline-color has-vivid-purple-color\">1) Partition values have application only in theory but not in practice.<\/span><\/strong><\/p>\n\n\n\n<p><strong>Answer: <\/strong>No, I disagree with this statement.<strong><br>Reasons:<\/strong> a) Partition values like quartiles, deciles, and percentiles divide the given set of observations into an equal number of parts. So they have applications in theory.<br>b) Quartiles are used in the study of all types of financial information concerning economic data, income data, stock data, etc.<br>c) Government uses deciles to study the level of economic inequality, measurement of poverty line, drought conditions, etc.<br>d) Percentiles are used in the measurement of test scores, health indicators, household income, household wealth, and percentile wages.<br>Thus, partition values have applications in theory as well as in practice.<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong>2) Average can misinterpret the representative value.<\/strong><\/mark><\/p>\n\n\n\n<p><strong>Answer: <\/strong>Yes, I agree with this statement.<strong><br>Reasons:<\/strong> a) The arithmetic mean, mode and median are the types of averages that have certain limitations.<br>b) The data consists of extreme values on the lower side and also on the higher side in magnitude. Such values are known as &#8216;outliers&#8217;.<br>c) The average used for such data often misinterprets its representative value.<br>d) To overcome this misinterpretation, generally, partition values like median, quartiles, deciles, and percentiles are used.<br>Thus, the average can misinterpret the representative value.<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong>3) Median is also known as second quartile.<\/strong><\/mark><\/p>\n\n\n\n<p><strong>Answer: <\/strong>Yes, I agree with this statement.<strong><br>Reasons:<\/strong> a) Median divide the whole set of observations into two equal parts.<br>b) Quartiles divide the whole set of observations into four equal parts.<br>c) Therefore, the value of the median is equal to the second quartile.<br><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-contrast-color\">Thus, the median is also known as the second quartile.<\/mark><\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><a href=\"https:\/\/scholarsclasses.com\/blog\/11th-commerce-notes-maharashtra-board\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-commerce-notes-maharashtra-board\/\">Solution of other subjects<br><\/a><a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-textbook-solutions-maharashtra-board\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-textbook-solutions-maharashtra-board\/\">Solution of all Chapters of Economics<br><\/a> <a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-1-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-1-exercise\/\">1<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-2-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-2-exercise\/\" target=\"_blank\" rel=\"noreferrer noopener\">2<\/a>&#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-3-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-3-exercise\/\">3<\/a><strong> &#8211;<\/strong> <a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-4-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-4-exercise\/\">4<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-5-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-5-exercise\/\">5<\/a><\/strong> <strong>&#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-6-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-6-exercise\/\">6<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-7-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-7-exercise\/\">7<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-8-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-8-exercise\/\">8<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-9-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-9-exercise\/\">9<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-10-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-10-exercise\/\">10<\/a><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q6_Answer_the_following_questions_on_the_basis_of_the_following_table\"><\/span>Q.6. Answer the following questions on the basis of the following table<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong><strong><strong>Marks<\/strong><\/strong><\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">20<\/td><td class=\"has-text-align-center\" data-align=\"center\">10<\/td><td class=\"has-text-align-center\" data-align=\"center\">20<\/td><td class=\"has-text-align-center\" data-align=\"center\">40<\/td><td class=\"has-text-align-center\" data-align=\"center\">50<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong><strong>No. of Students<\/strong><\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">13<\/td><td class=\"has-text-align-center\" data-align=\"center\">4<\/td><td class=\"has-text-align-center\" data-align=\"center\">7<\/td><td class=\"has-text-align-center\" data-align=\"center\">8<\/td><td class=\"has-text-align-center\" data-align=\"center\">6<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>1) Write the formula of Q<sub>1<\/sub> and Q<sub>3<\/sub> .<\/p>\n\n\n\n<p>2) Find out the median of the above data?<\/p>\n\n\n\n<p>3) Find out the cumulative frequency of the last value in the above data.<\/p>\n\n\n\n<p>4) Find out the value of &#8216;n&#8217; in the above data.<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\">\n<h3 class=\"wp-block-heading has-text-align-center\"><span class=\"ez-toc-section\" id=\"Solution_of_all_Chapters_of_Economics\"><\/span>Solution of all Chapters of Economics<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Chapter Name <\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Solution Link<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">1) Basic Concepts in Economics<\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-1-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-1-exercise\/\">Solution<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2) Money<\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-2-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-2-exercise\/\">Solution<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">3) Partition Values<\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-3-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-3-exercise\/\">Solution<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">4) The Economy of Maharashtra<\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-4-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-4-exercise\/\">Solution<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">5) Rural Development in India<\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-5-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-5-exercise\/\">Solution<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">6) Population in India<\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-6-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-6-exercise\/\">Solution<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">7) Unemployment in India<\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-7-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-7-exercise\/\">Solution<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">8) Poverty in India<\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-8-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-8-exercise\/\">Solution<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">9) Economic Policy of India Since 1991<\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-9-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-9-exercise\/\">Solution<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">10) Economic Planning in India<\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-10-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-economics-chapter-10-exercise\/\">Solution<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\"><span class=\"ez-toc-section\" id=\"Check_out_other_posts_related_to_11th_Commerce\"><\/span>Check out other posts related to 11th Commerce<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Textbook Solutions of 11th Commerce (All Subjects)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/11th-commerce-notes-maharashtra-board\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-commerce-notes-maharashtra-board\/\">Click <\/a><a href=\"https:\/\/scholarsclasses.com\/blog\/11th-commerce-notes-maharashtra-board\/\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-commerce-notes-maharashtra-board\/\" rel=\"noreferrer noopener\">Here<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong> Free pdf of 11th Commerce Textbooks <\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/11th-commerce-books-pdf\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/11th-commerce-books-pdf\/\">Click Here<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":21765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[4462],"class_list":["post-14062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hsc-maharashtra-board","tag-11th-economics-chapter-3-exercise"],"_links":{"self":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts\/14062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/comments?post=14062"}],"version-history":[{"count":3,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts\/14062\/revisions"}],"predecessor-version":[{"id":36360,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts\/14062\/revisions\/36360"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/media\/21765"}],"wp:attachment":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/media?parent=14062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/categories?post=14062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/tags?post=14062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}