Question

You are performing marketing research to find out the purchasing potential of students in the community. Based on the latest census, there are 9,860 students in a population of 62,400 people. What percent of the total population is students?

Answer 1

In statistics, scientists or researchers gather data to represent the existing number of population audience that they should target. Statisticians usually lump these data and present them in terms of mean, median or mode. To be more accurate, percentage could also be used. Percentage is generally defined as the number of a specific parameter per 100 units of the whole. In this case, the percentage is defined as the number of students per 100 people of the whole population. The working equation to be used is:

Percentage = Number of Students/Number of Population * 100%
Percentage = 9,860/62,400 * 100
Percentage = 15.8%

Hence, out of the total population, 15.8% are students.