The Fact That a Few Improvements in a Few Key

question 53

Multiple Choice

The fact that a few improvements in a few key areas of operations will have more impact than many improvements in many other areas is consistent with the

• A)Irwin phenomenon.
• B)Pareto phenomenon.
• C)Stevenson phenomenon.
• D)Tellier phenomenon.
• E)Adam Smith phenomenon.

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Definitions:

COUNT(range)

A function in Excel that returns the number of cells containing numbers within a specified range.

Cells

The basic structural, functional, and biological unit of all known living organisms; or in another context, individual boxes in a spreadsheet or table.

AND(condition 1,condition 2…)

A logical operator that returns true if all specified conditions are true, widely used in programming and mathematical logic.

Statistical Methodology

The collection of methods and practices used in collecting, analyzing, interpreting, and presenting data in statistical research.