The Main Principle Behind the Pareto Chart Is the Ability

question 58

True/False

The main principle behind the Pareto chart is the ability to separate the "vital few" from the "trivial many."

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Definitions:

Richard Atkinson

An influential psychologist known for his research on memory and learning, and for developing a model of human memory with Richard Shiffrin.

Richard Shiffrin

A psychologist known for his work on memory, including the development of the multi-store model of memory with Richard Atkinson.

Meaningful Patterns

Coherent sequences or configurations that are significant or have a purpose, often identified through the analysis of data or observations.

Large Datasets

Collections of data that are so large and complex that traditional data processing applications are inadequate.