9015 – Mathematical Literacy Level 4

This Unit Standard provides credits towards the mathematical literacy requirement of the NQF at Level 4. Learners will grow in:

• A confident, insightful use of mathematics in managing everyday living to become self-managing.
• An understanding of mathematical applications relevant to present and future occupational experiences.
• The ability to critically engage with the role of mathematics in a democratic society as participating citizens.

People credited with this unit standard are able to:

• Critique and use techniques for collecting, organising, and representing data.
• Use theoretical and experimental probability to develop models, make predictions, and study problems.
• Critically interrogate and use probability and statistical models in problem solving and decision making.

9016 – Mathematical Literacy Level 4

This unit standard supports learners to progress confidently through mathematical literacy levels, focusing on:

• Insightful use of mathematics for managing everyday living to become self-managing.
• Understanding mathematical applications relevant to occupational experiences.
• Critical sensitivity to the role of mathematics in a democratic society.

People credited with this unit standard are able to:

• Measure, estimate, and calculate physical quantities in practical situations relevant to adult responsibilities.
• Explore, analyse, critique, describe, represent, interpret, and justify geometrical relationships and conjectures in two- and three-dimensional problems.

7468 – Mathematics for Financial and Economic Literacy

This unit standard is useful for recognition in Further Education and Training or to meet fundamental requirements on the National Qualifications Framework. People credited with this unit are able to:

• Use mathematics to plan and control financial instruments like insurance, unit trusts, stock dealings, options, futures, and bonds.
• Apply simple and compound interest concepts to situations including mortgage loans, hire purchase, present values, annuities, and sinking funds.
• Investigate costs, revenue, marginal costs, marginal revenue, and profit optimization.
• Use mathematics to discuss national and global economic topics such as tax, productivity, and resource distribution.