Pareto Chart & 80/20 Analysis in ExcelPareto analysis identifies the most important quality-related problems to resolve in a process.

The Pareto principle (also known as the 80/20 rule) states that for many events, roughly 80% of the problems come from 20% of the causes. This statement is merely a rule of thumb and is not an immutable law of nature. More generally, a small subset of issues tend to cause most problems, and it is useful to identify those issues as they have the most impact on the process.

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From the Statistical Reference Guide for Analyse-it 6.24.0: https://analyse-it.com/docs/user-guide/pareto-chart

Statistical Reference Guide v6.24.0