Underlying factors related to errors in financial mathematics due to incorrect or rigidity of thinking
Abstract
The main aim of the study was (1) to identify the underlying factors related to errors due
to incorrect association, and (2) to understand why learners continue to make such errors
so that mechanisms to avoid such errors could be devised.
The study was conducted by means of a case study guided by the positivists’ paradigm
where the research sample comprised of 105 Grade 10 Mathematics Literacy learners as
respondents. Having used Polya’s problem-solving techniques, Threshold Concept and
Newman’s Error Analysis as the theoretical frameworks for the study, a four-point Likert
scale and a content-based structure-interview questionnaire were developed to address
the research question. Four sets of structured-interview questionnaires were used for
collecting data, aimed at addressing the main objective of the study. In order to test the
reliability and consistency of the questionnaires for this study, Cronbach’s Alpha was
tested for standardised items (α = 0.705).
Once the data was collected, it was analysed through content and correlation analysis.
Based on the frequency table which summarises learner responses, it could be ascertained
that the majority (n =63, 60%) of learners admitted to sometimes confusing addition
with multiplication. The relationship between learners forgetting to write units and
learners writing down an incorrect number/figure revealed a significance where p = .04 (r
= +.17) illustrated a weak correlation between the afore-stated variables.