Short Assignment on Pareto Analysis

Pareto Charts provide a tool for visualizing the Pareto Principle, which states that a small set of problems (the "vital few") affecting a common outcome tend to occur much more frequently than the remainder (the "useful many"). This short article describes the Pareto Principal, what are Pareto Analysis and its use. Procedure to implement Pareto Analysis and use of Pareto Chart also illustrates in this short story.



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