Fredrika Has Been Asked to Develop a Pareto Priority Index

question 14

Multiple Choice

Fredrika has been asked to develop a Pareto Priority Index for a process improvement project. She and her team have researched the situation and developed the following parameters:
Estimated lifetime cost savings: $200,000
Total estimated cost: $50,000
Forecasted project success probability: 70%
Estimated project duration: 2 years
Given this information, what is the Pareto Priority Index?

• A) 1.4
• B) 11.43
• C) .25
• D) 2.8
• E) 4.0

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Definitions:

Propensity

Propensity is an innate inclination or natural tendency to behave in a certain way.

Heterosexual Couples

Romantic partners consisting of a male and a female.

Homosexuality

A sexual orientation characterized by a romantic or sexual attraction to individuals of the same sex.

Psychopathology

The study of psychological disorders, including their symptoms, etiology (causes), and treatments.