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:
In economic terms, industrialization is the social and economic transformation of human society from agrarian to industrial. Its environmental drawbacks include pollution of air, water and soil that can result in significant deterioration of quality of life and life expectancy
Explanation:
The correct answer is negative correlation.
A negative correlation refers to a relationship between two variables, where an increase in the value of one variable leads to a decrease in the value of the other variable, and vice-versa. In this examples, Tony's findings indicate that when one's age increases, one's likelihood to be aggressive decreases. Thus, age and aggression are negatively correlated.
