Q. 1 Yearly world population is given as follows: Population 7,379,797,139 7,464,022,049 7,547,858,925 Year 2015 2016 2017 2018 7,631,091,040 7,713,468,100 7,794,798,739 2019 2020 (i) Project the world population in 2021, 2022, 2023, 2024, 2025, 2026, using both geometric growth rate and exponential rate. Show all your calculations. (ii) Create one graph which shows the above data and projections in 2021, 2022, 2023, 2024, 2025, 2026.
Inverse Normal Distribution
The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of two parameters.
Mean, Median, Mode
It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency or measure of central tendency is a central or typical value for a probability distribution.
Z-Scores
A z-score is a unit of measurement used in statistics to describe the position of a raw score in terms of its distance from the mean, measured with reference to standard deviation from the mean. Z-scores are useful in statistics because they allow comparison between two scores that belong to different normal distributions.
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