At Present in Australia, Voting in a Federal Election Is

question 78

Essay

At present in Australia, voting in a Federal election is compulsory for all citizens 18 years or over.
There has been some discussion to have this changed from being compulsory to voluntary.
A study was done to investigate whether there was a relationship between gender and attitude towards changing voting in Australia from compulsory to voluntary. Participants were asked "Do you agree to change voting in Australian Federal Elections from compulsory to voluntary? A table of results from the sample is given below.
At the 1% level of significance, is there a relationship between gender and attitude towards voluntary voting? $$\begin{array} { | l | l | l | l | } \hline & \text { Agreed } & \text { Disagreed } & \text { Undecided } \\\hline \text { Female } & 15 & 25 & 30 \\\hline \text { Male } & 25 & 20 & 25 \\\hline\end{array}$$

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Definitions:

Variable Costs

Expenses that fluctuate with the level of output or production activity.

Profit

The financial gain realized when the revenue from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.

Cost of Capital

The minimum profit rate a business needs to generate from its investments to keep its market value stable and draw in financing.

Cash Flows

The cumulative sum of funds moving in and out of a company, particularly influencing its ability to cover short-term obligations.