Asked by irfan hussain on Sep 26, 2024
Verified
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.
Verified Answer
SH
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.
Learning Objectives
- Grasp the concept and application of Pareto analysis in problem-solving.
Related questions
A Proposal Routinely Makes Use of Which Organizational Pattern
Chapter 7 States That One Disadvantage of the Problem-Methods-Solution Organizational ...
Write a Recursive Method to Compute the Factorial of a ...
Explain the Concept of Divide and Conquer
The Following Code for the Method Factorial)applies to the Next ...