What is the purpose of using a Pareto chart for a given problem?Please elaborate with examples
Expert Answer
The purpose of using a Pareto chart for a given problem is toidentify the most significant cause related to an issue or problem.It is a bar graph with the data arranged related to various factorsin decreasing order. The frequency of the problems can berepresented using Pareto chart and the factor with the higherfrequencies have more impact on the situation or problem. It can beused to classify the problem and analysing the factors based ontheir impact for correction or resolving the problem.
Example of using
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