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Issue:

Business

 

Written by:

Megan S

 

Date added:

December 16, 2014

 

Level:

 

Grade:

A

 

No of pages / words:

4 / 933

 

Was viewed:

4702 times

 

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Essay content:

He determined that a small portion of the people within the economy controlled a large portion of the economy. Likewise, one doing analysis of accidents or events may find that a large portion of the accidents are cause by a small population of causes. The "Pareto Principle" states that 80% of the problems come from 20% of the causes...
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The Pareto Chart analysis should be performed over a fixed time interval of performance indicator results. The Pareto Chart analysis should only be performed after the control chart analysis is complete. The time interval should be chosen depending on the existence or non-existence of statistically significant trends...
displayed 300 characters

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