One Goal of Pareto Analysis Is to Determine Which Problems

question 33

True/False

One goal of Pareto analysis is to determine which problems occur the most frequently.

---

Definitions:

Analysis Of Variance

A statistical method used to compare the means of three or more samples to find if at least one differs significantly.

Nominal Variables

Variables that represent categories with no inherent order or ranking among them.

First-Order Model

A mathematical model that describes a system using a first-degree differential equation, which relates system output to inputs and internal states with only the first derivative of time.

Predictor Variables

Variables in statistical models that are used to predict the outcome of a response variable.