creativekaggs wrote:Population-Weighted Exams Ranking
This is a well-thought-out scientifically modeled, postulated and argued ranking method.
Both the Percentage average marks and the number of students in an exam center are involved or considered.
Let the number of students per exam center also called population be M and the percentage average marks be M. Performance index is designated as P.
P = M*(1 + 0.1*LogN)
where LogN is the logarithm to Base 10 of N
Example
Einstein Academy had 95% with 25 students while Pumbavu School had 23% with 120 students. Calculate Performance index P.
Solution; P for Einstein Academy = 95*(1+0.1*Log25) = 108.28
Performance P for Pumbavu School = 23*(1+0.1*Log120) = 27.78
The ‘weighting’ factor is a function of N. The higher the value of N, the higher the P.
Selected values for emphasis and clarity.
M100 with N1 gives P=100
M100 with N20 gives P=113.01
M100 with N450 gives P=126.53
M87 with N50 gives P=101.78
M90 with N1 is equivalent to M86.94 with N50
M90 with N20 is equivalent to M82.68 with N200
M90 with N450 is equivalent to M80.38 with N450
This formula works best with Percentage average marks and not Total marks. It can also be used to compare individual subjects in any exam.
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