A Pareto chart is also known as a Pareto distribution diagram. It’s a type of vertical bar graph which contains relevant values. These values are typically plotted in declining order.
The order shows the comparative frequency from the left side to the right. Pareto diagram templates are very useful for analysis. You can use them when you’re trying to analyze problems.
A Pareto analysis template will provide a graphic representation of the Pareto principle. This principle states that 80% of the output in a specific system or situation gets generated by 20% of the input. It’s one of the basic tools used in quality control.
When you see Pareto charts examples, you’ll find out that they are very informative. The chart shows independent variables on the horizontal axis. Then you’ll portray the dependent variables as the heights of the bars. In this article, we’ll learn more about Pareto charts. Here are some of the benefits of performing a Pareto analysis:
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