Types of Population

 

Population

It includes all the elements from the data set and measurable characteristics of the population such as mean and standard deviation are known as a parameter. For example, All people living in India indicates the population of India.

There are different types of population. They are:

• Finite Population
• Infinite Population
• Existent Population
• Hypothetical Population

Let us discuss all the types one by one.

Finite Population

The finite population is also known as a countable population in which the population can be counted. In other words, it is defined as the population of all the individuals or objects that are finite. For statistical analysis, the finite population is more advantageous than the infinite population. Examples of finite populations are employees of a company, potential consumer in a market.

Infinite Population

The infinite population is also known as an uncountable population in which the counting of units in the population is not possible. Example of an infinite population is the number of germs in the patient’s body is uncountable.

Existent Population

The existing population is defined as the population of concrete individuals. In other words, the population whose unit is available in solid form is known as existent population. Examples are books, students etc.

Hypothetical Population

The population in which whose unit is not available in solid form is known as the hypothetical population. A population consists of sets of observations, objects etc that are all something in common. In some situations, the populations are only hypothetical. Examples are an outcome of rolling the dice, the outcome of tossing a coin.