Quality Tools: Pareto Charts
Pareto Charts are one of the seven basic quality tools. They are bar graphs which can be used to graphically demonstrate the 80/20 theory, Pareto Principle or “Vital Few, Trivial Many Rule.” The 80/20 theory was first developed in 1906, by Italian economist and sociologist, Vilfredo Pareto, who observed an unequal distribution of wealth and [...]
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19. May, 2010





