Which of the Following Statements Is Correct About the 80/20

question 7

Multiple Choice

Which of the following statements is correct about the 80/20 rule?

• A) Twenty percent of the causes result in 80%of the problems.
• B) Twenty percent of the problems are the result of 80% of the causes.
• C) 40% of the time there will be problems.
• D) None of the answer options are correct.

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Definitions:

Norms

Shared standards of acceptable behavior and beliefs within a group or society.

Reliability

Refers to the consistency of a measure or test over time.

Standard Deviations

A statistical measure that quantifies the amount of variation or dispersion of a set of data values from their mean.

Mean

The mathematical average of a set of numbers, calculated by dividing the sum of these numbers by the count of the numbers.