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.
To learn more about Pareto's law, click
brainly.com/question/5648291
#SPJ4
Answer:
Of the five religions provided in your question, Buddhism and Confucianism have the majority of their followers in East and Southeast Asia.
Explanation:
<span>Longitudinal research with antisocial personality disorder shows that the prevalence of antisocial personality disorder diminishes over time. An antisocial personality disorder is a personality disorder that is based on patterns of personal experience and behaviors that one has endured throughout their life. This disorders can progress or diminish overtime as the surroundings one is around change as well. </span>
<u>Answer:</u>
<em>In our current times, the United States' economy is mainly considered to be market-based is a FALSE statement.</em>
<em></em>
<u>Explanation:</u>
America has a mixed economy. It works as per a monetary framework that highlights the attributes of both free enterprise and communism. A blended fiscal structure ensures private property. It permits a degree of financial opportunity in the utilization of capital. Yet, it also takes into consideration governments to mediate in monetary exercises to accomplish social points and for the open great.
Free-showcase economy necessitates that private people possess all property, and all merchandise and ventures are secretly given.
Answer:
The King and the Duke are con artists by profession, illustrating Twain's belief that "nobles" are simply normal people who are able to convince others to respect them (usually through false pretenses) and to offer them money or other goods.
Explanation: