Individuals possessing quantitative literacy perform accurate calculations, interpret quantitative information, apply and analyze relevant numerical data, and use the results to support conclusions. It entails familiarity with research methods used to gather and analyze data so that an individual can assess the validity of data using a critical eye. The following are components of quantitative literacy:
Confidence with Mathematics: Individuals who are quantitatively confident routinely use mental estimates to quantify, interpret, and check other information.
Interpreting Data: Reading graphs and figures, drawing inferences, recognizing sources of error, and presenting data in clear and useful ways.
Making Decisions: Using mathematics to make decisions and solve problems in everyday life. For individuals who have acquired this habit, mathematics is not something done only in mathematics class but in the real world. Mathematics serves as a powerful tool for living, as useful and ingrained as reading and speaking.
Number Sense: Having accurate intuition about the meaning of numbers, confidence in estimation, and common sense in employing numbers as a measure. Knowing how to solve quantitative problems that a person is likely to encounter at home or at work. Number sense is considered a practical skill.
Prerequisite Knowledge: Having the ability to use a wide range of algebraic, geometric, and statistical tools that are required in many fields of postsecondary education.
Symbol Sense: Being comfortable using algebraic symbols and reading and interpreting them, and applying the appropriate order or operations. Cultural awareness allows people to recognize the implicit norms and rules of their society which in turn allows them to understand that differences in behaviors stem from differences in culture.” Cultural Sensitivity also involves the ability to value, respect, and learn from diverse cultures and groups (e.g., age, gender, race). Such persons would demonstrate openness, inclusivity, and sensitivity.