Topics
Basic Concepts in Economics
- Branches of Science
- Natural Science
- Social Science
- Concept of Economics
- Kautilya's Views on Economics
- Types of Economic Systems
- Capitalism
- Socialism
- Mixed Economy
- Branches of Economics
- Microeconomics
- Basic Concepts of Microeconomics > Want
- Basic Concepts of Microeconomics > Goods and Services
- Basic Concepts of Microeconomics > Utility
- Basic Concepts of Microeconomics > Value
- Basic Concepts of Microeconomics > Wealth
- Microeconomics > Personal Income
- Basic Concepts of Microeconomics > Personal Disposable Income
- Microeconomics > Economic Activity
- Types of Income
- Concept of Economic Good
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- Cyclical Unemployment
- Difference Between Economic Growth and Economic Development
Money
Partition Values
The Economy of Maharashtra
- Formation and Economic Progress of Maharashtra
- Administrative Divisions of Maharashtra
- Important Features of the Economy of Maharashtra
- Economic Development of Maharashtra
- Agricultural Sector
- Industrial Growth in Maharashtra
- Service Sector
- Core Areas of Service Sector
- Economic Infrastructure of Maharashtra
- Social Infrastructure of Maharashtra
- Measures for Social Infrastructure: Education
- Measures for Social Infrastructure: Health Services
- Co – operative Movement in Maharashtra
- Symbols of Educational Schemes in India
- Tourism in Maharashtra
- Hospitality
- Entertainment Industry
Rural Development in India
Population in India
- Concept of Population in India
- Trends in Population Growth
- Theories of Population Growth
- Population Explosion in India
- Types of Population Based on Resource Availability
- Birth Rate
- Death Rate
- Survival Rate
- Legal Age of Marriage for Males and Females in Different Countries
- The Population as a Human Resource
- Role of Human Resources in Economic Development
Unemployment in India
- Concept of Unemployment
- Important Terms of Employment and Unemployment
- Types of Unemployment
- Rural Unemployment
- Urban Unemployment
- Extent of Unemployment in India
- State-Wise Unemployment Rates in India
- Causes of Unemployment
- General Measures to Reduce Unemployment
- Effects of Unemployment
- Government Measures for Employment Generation
Poverty in India
- Concept of Poverty in India
- Prof. Amartya Sen’s Views on Poverty
- Multi-dimensional Poverty
- Key Concepts of Poverty
- Countries with Highest Extreme Poverty Rates
- Poverty Line
- Informal Sector and Related Activities
- Income Pyramid
- Types of Poverty
- Extent of Poverty in India
- Estimates of Poverty
- Causes of Poverty
- Effects of Poverty
- Sustainable Development Goals
- Understanding Maharashtra’s Tri Colour Family Ration Cards
- Eradication of Poverty
- Poverty Alleviation Programmes and Their Target Sectors
- Tracking Anti-Poverty Efforts
Economic Policy of India since 1991
- Economic Transition of India
- Main Objectives of the Economic Policy of 1991
- Features of the Economic Policy of 1991
- Public Bank Vs Private Banks Vs Foreign Banks
- Components of New Economic Policy
- Liberalisation
- Privatisation
- Globalisation
- Evaluation of the Economic Policy of 1991
- Corporate Social Responsibility
Economic Planning in India
- India’s Planning Commission
- Economic Planning in India
- Overview of the Bombay, People’s, and Gandhian Plans
- Features of Economic Planning
- Five Year Plans (FYP)
- 12th Five Year Plan (2012-2017)
- Levels of National Family Health Survey (NFHS)
- NITI Aayog (National Institution for Transforming India)
- Planning Commission VS NITI Aayog
- Introduction
- Need
- Real-Life Application
- Key Point Summary
Maharashtra State Board: Class 11
Introduction
- Partitioning means dividing data into equal segments.
- Partition Values are specific values that split data into the required number of equal parts.
- They help us understand the spread and distribution of the data.
Maharashtra State Board: Class 11
Need
- Extreme values (“outliers”) can distort the average, giving a misleading impression.
- Partition values like the median or quartiles are more robust and better represent the centre or spread of “skewed” or outlier-heavy data.
Quick Example:
If class test scores are 2, 3, 5, 7, and 100, the mean is raised dramatically by the "100", but the median (5) and quartiles reflect student performance better.
Maharashtra State Board: Class 11
Real-Life Application
Think of data like a pizza:
- Median: Cut into 2 equal slices (halves).
- Quartiles: Cut pizza into quarters (4 slices).
- Deciles: Slice into 10 equal pieces.
- Percentiles: Slice into 100 equal tiny pieces.
Maharashtra State Board: Class 11
Key Point Summary
- Median, quartiles, deciles, and percentiles are all partition values or “fractiles”.
- They help avoid problems with outliers that trouble the mean.
- Median = Q2 = D5 = P50.
- Understanding partition values is essential for analysing socio-economic data like population, poverty, and income distribution.
Test Yourself
Related QuestionsVIEW ALL [8]
Choose the correct pair:
| Group A | Group B |
| 1) Quartiles | a) Dj = size of j`((n + 1)/10) ^"th Observation"` |
| 2) Deciles | b) `"P"_k = l +(((kn)/100 – cf)/f) xx "h"` |
| 3) Percentiles | c) `"Q"_i = l +((("in")/4 – cf)/f) xx "h"` |
Solve the following:
Calculate Q1, D4, and P26 for the following data.
| 18, 24, 45, 29, 4, 7, 28, 49, 16, 26, 25, 12, 10, 9, 8 |
Solve the following :
Calculate of Q3, D5, and P35 for the given data
| Income (in lakhs ₹) | 1 | 2 | 3 | 4 | 5 | 6 | |
| No. of family | 2 | 5 | 20 | 25 | 15 | 12 | |
A company produces tables which are packed in batches of 100. An analysis of the defective tubes in different batches has received the following information:
| No. of defective tubes | Less than 5 | 5 – 9 | 10 – 14 | 15 – 9 | 20 – 24 | 25 – 29 | 30 and above |
| No. of tubes | 45 | 51 | 84 | 39 | 20 | 8 | 4 |
Estimate the number of defective tubes in the central batch.
