What type of computational method is used to develop a standard with a limited population?

The computational method utilized to develop a standard with a limited population involves using a ratio unit times equation. This method is often applied when dealing with smaller datasets, where making direct observations or calculations for every individual in a population may not be feasible. By using a ratio unit times equation, an estimator can standardize observations based on a ratio derived from available data. This helps in drawing conclusions or establishing benchmarks even when the population size is restricted.

While statistical analysis formulas, frequency distribution analysis, and regression analysis methods are also valuable tools in data analysis, they typically serve different purposes or are generally applied to larger populations. Statistical analysis formulas are broader and may not specifically cater to developing standards. Frequency distribution analysis focuses on organizing data into classes to understand distribution tendencies, rather than standardization per se. Regression analysis, on the other hand, primarily examines relationships between variables, making it less directly applicable when establishing a standard for a limited population.