Asked by irfan hussain on Sep 26, 2024

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A Pareto analysis can be used to separate major problems from minor ones by determining the 20 percent of possible causes leading to 80 percent of all problems.

Pareto Analysis

A statistical technique in decision-making used for the selection of a limited number of tasks that produce significant overall effect.

  • Grasp the concept and application of Pareto analysis in problem-solving.
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Sarah Hatton2 days ago
Final Answer :
True
Explanation :
This is a correct statement about Pareto analysis. It is a technique used to identify the most significant factors contributing to a particular problem, and its name comes from the Pareto principle, which suggests that 80% of effects come from 20% of causes.