Perform a Pareto Analysis on the Following Information

question 100

Essay

Perform a Pareto analysis on the following information:
$$\begin{array} { | l | l | } \hline \text { Reason for unsatisfying check-out at store } & \text { Frequency } \\\hline \text { Unfriendly cashier } & 27 \\\hline \text { Incorrect change } & 4 \\\hline \text { Cashier too slow } & 9 \\\hline \text { Price check } & 34 \\\hline \text { Poorly bagged merchandise } & 2 \\\hline \text { Slow receiving check approval } & 3 \\\hline\end{array}$$

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Definitions:

Marginal Cost

The cost change associated with making an additional unit of a product, emphasizing the incremental expense in production activities.

Total Costs

The complete cost of production that includes both fixed and variable costs.

Average Total Costs

The total cost of production divided by the total number of units produced, representing the average cost per unit of output.

Fixed Costs

Expenses that do not vary with the level of output or sales, such as rent, salaries, and insurance.