If the random variable y denotes an individual’s income, Pareto’s law claims that<u> P(Y>=y)= (k/y) raised to the power of 9</u>. Here k refers to the minimum income of the entire population.
Pareto's law states that for different outcomes, almost eighty percent of the results come from the twenty percent of the causes of the event. We also call it the 80/20 rule or the rule of the vital few or even the principle of factor sparsity.
Joseph M. Juran, a management consultant developed this concept keeping in mind the context of quality control as well as improvement after he read the works of the Italian economist Vilfredo Pareto.
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Answer:
a
Explanation:
a lot of people are there so......
The answer is letter B.
<span>As Abraham Lincoln puts it, democracy is, "a
government of the people, by the people, and for the people." This type of government ensures the fundamental worth of its citizens, their right to freedom, and the equality of all persons as stated in the Constitution. The most common form of accepting democracy is giving the power to the people in the form of voting. <span><span>"By the people" would not be highly
acknowledged if people will not choose their desired leaders through fair
elections. It is a right of every U.S. citizen to vote because they have every
right to choose who should govern and how they are governed.</span></span></span>
It is attractive to those who are in the insurance business
or are engaged in affiliate programs.
Each time customers buy from these companies, they gain income and
continue to do so as long as the account continues to be working.
The behavioral predictor of members of a social group according to Georg Simmel is the number of people in the group
<h3>Who is Georg Simmel?</h3>
Georg Simmel was an eminent German sociologist and structural theorist who studied urban life as well as the metropolis' structure.
He was notable for developing social theories that promoted a technique of studying society that differed from the then-accepted scientific approach used to investigate the natural environment.
In his studies, he states that the behavioral predictor of members of a social group is the<u> number </u><u>of </u><u>people</u> in the group.
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