Difference between revisions of "Pareto principle"

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Revision as of 13:31, 6 June 2020

Pareto's law (the 80/20 rule) states that 80% of the problems are a result of 20% of the causes.

Definition

According to Managing Quality by Foster (6th edition),

Pareto's law (the 80/20 rule). States that 80% of the problems are a result of 20% of the causes.