Investigate the Type of Mathematics that is Inherent in the Solving of Everyday Problems - Management Assignment Help

Assignment Task:

Task:

Curriculum Mode: Essay
In order for mathematics to be seen as being relevant to a person’s life, it needs to be linked to real life. This assignment has been designed around several real-life scenarios that will involve the use of financial literacy skills. Incompleting the investigation, you will have the opportunity to demonstrate your knowledge and understanding of some of the content and processes relevant to this Unit.

PURPOSE - LINKS TO THE UNIT OUTCOMES The assignment links with outcomes
1 and 4 of the unit outcomes. However, links with other outcomes may take place depending upon the focus of the investigation. ASSIGNMENT PROCESS This assignment involves the use of a financial literacy investigation. You are required to write a report on your investigation of one of the real-life scenarios shown in the Assignment Topics below. The assessment topics give you the opportunity to:

• Investigate a real-life problem.
• Investigate the type of mathematics that is inherent in the solving of everyday problems.
• Demonstrate your ability to plan and budget
• Demonstrate your understanding of the concepts, understandings and processes that have been introduced in this unit.
• Be creative in the way you investigate the problem. ASSUMPTIONS YOU NEED TO MAKE WHEN COMPLETING THIS ASSIGNMENT To successfully complete this assignment, you need to assume that: - You have completed your Master of Teaching degree. Your salary will be that of a first-year teacher on the Step 5 Salary Level. You have to pay income tax on this salary. - You are living independently and are responsible for your own living expenses. - You will use your salary to budget for the project. - Your budgeting takes place during your first year of teaching, that is, from 1st January 2021 to the 31st December 2021 - You can only use the money you earn during the year. - You do not have to pay superannuation, Medicare levies or HECS payments.
• You have the cost of living expenses, e.g. rent, food, heating and lighting, telephone, travel expenses, clothing requirements. These should be factored into your budget. ASSIGNMENT REQUIREMENTS Select one of the assignment topics below and prepare a report on the selected topic. If you have previously completed this unit, you cannot use any part of your previous assignment. Treat this assignment as a real-life event so that your enthusiasm and creativity are evident in your investigation report.
• Topic 3 - You want to celebrate a major event, either for yourself or a family member or friend, such as an engagement party, birthday party, or other celebration. The party will be held in December 2021 for 100 guests.
• If you choose this topic, here are some examples of the issues you will need to consider:
• - What food, drink, and entertainment will you provide?
• What is the venue?
• - How will you decorate?
• - What will you do about security issues?
• - How will you handle the clean-up?
• - What are the alternatives?
• How much do they cost?
• Make some comparisons.
• WHAT DO YOU NEED TO SUBMIT FOR THIS ASSIGNMENT?
• 1. A Contextual Statement In this statement, you are required to discuss:
• - Your job and income, where you live, transport options, lifestyle choices, and reasons for choosing this topic.
• - How you will conduct the investigation. The comparisons you made of the various options you considered for your project, e.g., comparing the costs of tours with different companies, the different makes of car, or different venues for your celebration. Explain why your preferred choice.
• - Your strategies for financing the project. It would help if you considered borrowing money to show your understanding of the mathematical processes that underpin interest rates and repayments. You can decide not to use credit if you prefer, but you should understand what credit costs. - Your fortnightly income after tax - Your living expenses
• - Your budgeting strategies for a year.
• 2. The Budgeting Section You need to show the calculations:
• - The salary - The regular expenses during the year
• - The amount you expect to be able to save
• - The cost of your project It is also appropriate to use tables or graphs to illustrate the use you will make of your income. You must provide examples of the mathematical processes and examples of calculations you used in the investigation. This section of your report allows you to demonstrate your understanding of the mathematical processes and algorithms you have used in your budgeting. You should give at least ten examples of explanations for calculations you have made, showing addition, subtraction, multiplication, and division using two methods, including the standard and alternative methods. Working out should be shown. You should also include a percentage and a fraction calculation. You should explain your methods so that 9 students unfamiliar with the algorithms could learn to use them correctly
• Resources: - Data about 1) salaries and taxes in Australia, 2) living expenses, 2) costs for trips, 3) cars (purchase, insurance and maintenance costs), 4) organising events, and 5) financing.
• Criteria High distinction:
• Attempted at least 10 different types of calculations with full explanations shown and well explained. The methods used to calculate are creative and show a deep understanding of the mathematics that underpins them.
• Provide rigorous and elaborate explanations for the reflective statement about: Summary What has been learned Alternatives and improvements Difficulties and solutions Conclusion
• - Sound academic writing - good knowledge on how to reference by using APA style - shows pictures and tables using APA style
   

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