A Study of Education Levels of 500 Voters and Their

question 83

Essay

A study of education levels of 500 voters and their political party affiliations in a particular state in Australia showed the following results. $$\begin{array} { | l | c c c | } \hline & \text { Party Affliation} \\\hline \text { Education level completed } & \text { Liberal } & \text { Other } & \text { Labour } \\\hline \text { Primary education } & 40 & 20 & 80 \\\hline \text { Secondary education } & 70 & 30 & 60 \\\hline \text { Tertiary education } & 90 & 50 & 60 \\\hline\end{array}$$ Is education level independent of political affiliation? Test at the 5% level of significance.

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Definitions:

Ownership Percentage

The fraction of a company's shares owned by a particular shareholder, representing their portion of control and claim on assets.

GAAP

Generally Accepted Accounting Principles, the standard framework of guidelines for financial accounting used in any given jurisdiction, particularly in the United States.

Exert Influence

To exert influence means to use power, authority, or persuasion to affect or direct others' actions, decisions, or opinions.

Investee Company

A company in which another entity has an ownership interest, signifying a partial or full influence over the company despite not having full control.