Voters Participating in a Recent Election Exit Poll in a Queensland

question 5

Essay

Voters participating in a recent election exit poll in a Queensland electorate were asked to state their political party affiliation as well as their gender. Coding the data 1 for Coalition, 2 for minor parties and 3 for Labor, and F for female, M for male. $$\begin{array} { | l | l | l | l | l | l | l | l | l | } \hline 3 \mathrm { M } & 1 \mathrm {~F} & 2 \mathrm {~F} & 3 \mathrm { M } & 1 \mathrm {~F} & 3 \mathrm { M } & 3 \mathrm {~F} & 2 \mathrm {~F} & 1 \mathrm {~F} \\\hline 3 \mathrm {~F} & 3 \mathrm { M } & 2 \mathrm {~F} & 1 \mathrm { M } & 1 \mathrm { M } & 3 \mathrm { M } & 2 \mathrm {~F} & 3 \mathrm { M } & 1 \mathrm { M } \\\hline 3 \mathrm { M } & 2 \mathrm {~F} & 3 \mathrm {~F} & 2 \mathrm {~F} & 1 \mathrm {~F} & 1 \mathrm {~F} & 3 \mathrm { M } & & \\\hline\end{array}$$ a. Create a cross classification table of gender by political affiliation.
b. Create a component bar chart, for each gender.
c. Interpret your component bar chart by gender.

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Definitions:

Payback Period

The payback period is the length of time required to recover the cost of an investment.

Rate Of Return

A measure of the gain or loss on an investment over a specified period, expressed as a percentage of the investment's cost.

Internal Rate

Typically refers to the internal rate of return (IRR), a metric used in capital budgeting to estimate the profitability of potential investments.

Net Present Value

A calculation that determines the present value of future cash flows minus initial investment; it's used to assess the profitability of an investment.