Check the video to get insights about Wealth, Pareto, Bell, and the Luck Factor.
- In 1906, Vilfredo Pareto made an astonishing observation: 80% of the land belonged to 20% of the people
- Since then, many similar observations have been made, for example about the sizes of cities in a country
- The mathematical concept of a Pareto Distribution has been developed
- Lean uses Pareto charts as input for decision making and continuous improvement
Have a look!
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