Pareto PrincipleWhat does the Pareto Principle state? Why do you think this is useful?
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Solution 1
The Pareto Principle, also known as the 80/20 rule, states that roughly 80% of the effects come from 20% of the causes. This principle was named after Vilfredo Pareto, an Italian economist who noted that 80% of Italy's wealth was owned by 20% of the population.
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Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
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