Which of the following is an example of the 80/20 rule (in Pareto)?

1. Only a few kinds of parts in an automotive store make up most of the inventory.
2. Mufflers, fan belts, and spark plugs are the most common parts in an automotive store.
3. The 80/20 rule states that 80% of the effects come from 20% of the causes.
4. The 80/20 rule is also known as the Pareto principle.

Question

22-04-2025
Engineering

College

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Which of the following is an example of the 80/20 rule (in Pareto)?

1. Only a few kinds of parts in an automotive store make up most of the inventory.
2. Mufflers, fan belts, and spark plugs are the most common parts in an automotive store.
3. The 80/20 rule states that 80% of the effects come from 20% of the causes.
4. The 80/20 rule is also known as the Pareto principle.

Answer :

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akel12 akel12 · Answer 1 · 2023-11-12T21:26:03-05:00

Final answer:

The 80/20 rule, or Pareto principle, suggests that 80% of effects are due to 20% of the causes, with option 3 being the correct example of this rule.So the correct answer is option 3) The 80/20 rule states that 80% of the effects come from 20% of the causes.

Explanation:

The 80/20 rule, also known as the Pareto principle, is an aphorism which states that roughly 80% of the effects come from 20% of the causes. Among the given options, the correct example of the 80/20 rule would be option 3: The 80/20 rule states that 80% of the effects come from 20% of the causes. This principle is widely observed in various fields including business, economics, and even personal productivity, where a minority of causes, inputs, or efforts usually lead to a majority of the results, outputs, or rewards.