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What do you understand of Pareto (8020) principleanalysis?

What do you understand of Pareto (8020) principleanalysis?

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What do you understand of Pareto (8020) principleanalysis?

Answer

    This is a statistical analysis method that helps decide priorities between several actions to be taken. The basis is that there are about 20% action which when executed gets you 80% of the results. In QA this is used to identify the 20% of causes that create 80% of the problems.

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