What is the Pareto chart and how to make a Pareto chart in excel?
Pareto chart: A Pareto chart is a ranked comparison of factors related to a quality problem. It helps to identify and focus on vital few factors of any problem. Vilfredo Pareto (1848-1923) Italian economist developed this principle. He studied the distribution of income in Italy. He observed that about 20% of the population owns 80% … Read more