Pareto developed a rule which is used to identify the principle cause of observed outcomes.The rule which came for this is referred to as the _______ rule.
A)50/50
B)60/40
C)70/30
D)80/20
E)90/10

Question

Quizplus · Accepted Answer

Pareto's rule is also known as the 80/20 rule. It states that roughly 80% of effects come from 20% of causes. This principle has been applied in various fields, such as economics, project management, and quality control. Identifying the most significant causes of a problem can help prioritize efforts and resources for addressing it.

Pareto Developed a Rule Which Is Used to Identify the Principle