A Pareto Chart Is Useful Because It Is Based on the Theory

question 64

Short Answer

A Pareto chart is useful because it is based on the theory that 80% of the observations are accounted for by 20% of the ________.

---

Definitions:

Savings Account

A deposit account held at a bank or financial institution that offers interest earnings and the safety of the deposited funds.

Consol

A type of perpetuity.

Future Values

The value of an asset or amount of money at a specified date in the future that is equivalent in value to a specified sum today.

Present Values

The process of determining the present worth of an amount or series of cash flows that will be received or paid in the future, using a specific discount rate.