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:
The economy of Africa consists of the trade, industry, agriculture, and human resources of the continent. As of 2019, approximately 1.3 billion people[1] were living in 54 countries in Africa. Africa is a resource-rich continent.[3][4] Recent growth has been due to growth in sales in commodities, services, and manufacturing.[5] West Africa, East Africa, Central Africa and Southern Africa in particular, are expected to reach a combined
Answer:
I am a marketing professional with experience in Customer Relationship Management (CRM) and Business Development Management (BDM) . My planned course of study is Marketing Management.
Explanation:
Marketing Management communication is a broad course of study that equips learners to become both industry and knowledge expert in the field of sales and marketing.
The answer is "party machine".
Political machine, in U.S. legislative issues, a gathering association, headed by a solitary supervisor or little absolutist gathering, that summons enough votes to keep up political and authoritative control of a city, province, or state.
