Pareto 80/20 Law: Derivation via Random Partitioning
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| Title: | Pareto 80/20 Law: Derivation via Random Partitioning |
|---|---|
| Language: | English |
| Authors: | Lipovetsky, Stan |
| Source: | International Journal of Mathematical Education in Science and Technology. Jan 2009 40(2):271-277. |
| Availability: | Taylor & Francis, Ltd. 325 Chestnut Street Suite 800, Philadelphia, PA 19106. Tel: 800-354-1420; Fax: 215-625-2940; Web site: http://www.tandf.co.uk/journals |
| Peer Reviewed: | Y |
| Physical Description: | |
| Page Count: | 7 |
| Publication Date: | 2009 |
| Document Type: | Journal Articles Reports - Descriptive |
| Descriptors: | Computation, Monte Carlo Methods, Mathematical Concepts, Nonparametric Statistics, Mathematical Logic, Funding Formulas |
| DOI: | 10.1080/00207390802213609 |
| ISSN: | 0020-739X |
| Abstract: | 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.) |
| Abstractor: | As Provided |
| Number of References: | 22 |
| Entry Date: | 2009 |
| Accession Number: | EJ829592 |
| Database: | ERIC |
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| Abstract: | 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.) |
|---|---|
| ISSN: | 0020-739X |
| DOI: | 10.1080/00207390802213609 |
