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Explain how a decrease in the interest rate will affect investment.
Pareto Analysis
A statistical technique used for decision-making, based on the principle that a small number of causes are responsible for a large percentage of the effect.
Unsatisfying Hotel
A hotel that fails to meet the expectations or satisfaction levels of its guests.
Quality Loss Function
A mathematical formula that quantifies the cost associated with producing items that deviate from target specifications, introduced by Genichi Taguchi.
Pareto Diagram
A graphical representation that displays the relative importance of differences within a set of data, usually to identify which factors are the most significant.
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