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ERIC Number: EJ829592
Record Type: Journal
Publication Date: 2009-Jan
Pages: 7
Abstractor: As Provided
ISSN: ISSN-0020-739X
Pareto 80/20 Law: Derivation via Random Partitioning
Lipovetsky, Stan
International Journal of Mathematical Education in Science and Technology, v40 n2 p271-277 Jan 2009
The Pareto 80/20 Rule, also known as the Pareto principle or law, states that a small number of causes (20%) is responsible for a large percentage (80%) of the effect. Although widely recognized as a heuristic rule, this proportion has not been theoretically based. The article considers derivation of this 80/20 rule and some other standard quotients from the mean and its interval estimation for the total value defined by the product of two variables in the random partitioning model. (Contains 2 figures.)
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A