Pareto Chart - Definition
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A Pareto Chart is a graphical tool for ranking causes of problems from most significant to least significant. It is based on the Pareto principle, first defined by Juran in1950.
Pareto Charts suggest most effects (or results), come from relatively few causes; that is, 80% of effects come from 20% of the possible causes.
Related to: Business Process Analysis
Last Updated: 4/22/2019 1:54:37 AM