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lozanna [386]
3 years ago
7

Is there a point where preto distribution really takes over?

Computers and Technology
1 answer:
jonny [76]3 years ago
4 0

Answer:

Yes Preto distribution takes over when we apply 80/20 rule.

Explanation:

The Pareto distribution is derived from pareto principle which is based on 80/20 rule. This is main idea behind the Pareto distribution that  percent of wealth is owned by 20% of population. This 80/20 rule is gaining significance in business world. There it becomes easy to understand the input and output ratio. The input ratio helps to analyse the potential output using Pareto distribution.

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3 years ago
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