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Author Question: Three persons earn 9 an hour, five earn 10 an hour, and one earns 13 an hour. The weighted mean ... (Read 193 times)

lb_gilbert

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on: Jun 24, 2018
Three persons earn 9 an hour, five earn 10 an hour, and one earns 13 an hour. The weighted mean hourly wage is 10.
 
  Indicate whether the statement is true or false

Question 2

Briefly discuss the Pareto diagram.
 
  What will be an ideal response?


SVictor

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Reply #1 on: Jun 24, 2018
Answer to Question 1

TRUE

Answer to Question 2

A Pareto diagram, named after the Italian economist Vilfredo Pareto, is a bar chart that displays the frequency of defect causes. The bar at the left indicates the most frequent cause and bars to the right indicate causes with decreasing frequencies. A Pareto diagram is used to separate the vital few from the trivial many.


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