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:

Test Statistic

A calculated value used in statistical testing to determine whether to reject the null hypothesis, based on the difference between observed data and what is expected under the null hypothesis.

Sample Information

Data or facts obtained from a subset of a larger population used for the purpose of statistical analysis.

Kleenex Tissues

A brand name for a category of soft, absorbent, disposable papers that are suitable for use on the face.

Confidence Interval

A range of values, derived from a sample, that is likely to contain the population parameter with a specified level of confidence.