Understanding Data and Types of Data
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Questions and Answers

What is the main difference between quantitative and qualitative data?

  • Quantitative data is collected from text, while qualitative data is collected from images.
  • Quantitative data is used in scientific research, while qualitative data is used in finance.
  • Quantitative data can be counted or measured, while qualitative data cannot be easily expressed using numbers. (correct)
  • Quantitative data is used for construction projects, while qualitative data is used for retail management.

    • How is construction data valuable to contractors?

  • It helps in creating word clouds for project visualization.
  • It assists in analyzing bid wins and cost estimates. (correct)
  • It is useful for collecting qualitative information.
  • It provides numerical values for algorithm development.

    • What types of findings are collected through qualitative data?

  • Algorithms and statistics
  • Numerical measurements
  • Conceptual and descriptive information (correct)
  • Mathematical analysis

    • How does utilization of construction data help in project management?

    <p>By mitigating risks and providing a roadmap to desired results.</p> Signup and view all the answers

    What do project estimators use estimating data for in construction projects?

    <p>To understand project trends and cost estimates.</p> Signup and view all the answers

    Which type of data is frequently used in math calculations and statistical analysis?

    <p>Quantitative data</p> Signup and view all the answers

    What is the primary driver for data management?

    <p>Capturing, storing, protecting, and ensuring the integrity of data assets</p> Signup and view all the answers

    What does BIM Data promote across an organization?

    <p>Collaboration across an organization</p> Signup and view all the answers

    What is a major aspect of Operational Project Data?

    <p>Resources, logistics, and productivity</p> Signup and view all the answers

    How is a Data Management Professional defined?

    <p>Any person who works in any facet of data management</p> Signup and view all the answers

    What is the purpose of ensuring the quality of data and information within an organization?

    <p>To ensure accurate decision-making</p> Signup and view all the answers

    What does the layered pyramid used to describe the relationship between data, information, knowledge, and wisdom represent?

    <p>A challenge for data management based on its linear representation</p> Signup and view all the answers

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