Unit of Diversion Define what a subject is in your experiment
IP address
More details about the graph are in this paper http://static.googleusercontent.com/media/research.google.com/en/us/pubs/archive/36500.pdf
We would usually want our unit of diversion to be at least as big as unit of analysis. e.g. cookie is larger than pageview as a single cookie can be in multiple pageviews. We don't want that as the same diversion should not be part of multiple analysis which could potentially fall in both control and experiment.
When to use a cohort instead of population
Based on metric choice, unit of diversion, population there is an effect on variability. Determine the size based on this. e.g. for latency example we want to see whether it affects our user. For a global population that may require fair amount of data. Based on our variability we can size the experiment and see whether it is really practical to do an experiment of that size.