Name the events that will be analyzed, Count the named incidents, Rank the count by frequency using a bar chart & Validate reasonableness of the analysis is called as
A)pareto analysis
B)cause and effect diagram
C)swot analysis
D)pie charts

Question

Quizplus · Accepted Answer

Pareto Analysis is a statistical technique in decision-making used for the selection of a limited number of tasks that produce significant overall effect. It uses the Pareto Principle (also known as the 80/20 rule) where the rule of thumb is that 80% of problems can be attributed to 20% of causes. This method involves identifying and listing problems and their causes, counting the occurrences of each cause, and then ranking them in order to focus on the most significant issues.

Name the Events That Will Be Analyzed, Count the Named