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#18 Pareto Chart Diagram - 7 QC Tool | Live preparation of Pareto Chart in excel

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✅ Fishbone Diagram ✅

https://youtu.be/Qzbi8P21yNk

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✅ Check sheet ✅

https://youtu.be/SpQo3nynGz4

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✅ Flow Chart Diagram ✅

https://youtu.be/pXsKPylpQbE

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✅ Pareto chart Diagram ✅

https://youtu.be/5xx_1hz9Syo

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✅ Control Chart Diagram ✅

https://youtu.be/5afeiNxezhs

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✅ Scatter Diagram ✅

https://youtu.be/JPE6hDUQ_T4

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✅ Histogram Diagram ✅

https://youtu.be/XGyZwzIIRN4

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00:00 Intro
00:34 Meaning of Pareto Chart
01:22 What is 80/20 rule
02:47 Table of Pareto Chart
05:44 Live Pareto Chart in excel
09:31 Benefits of Pareto Chart
Meaning of Pareto Chart

Italian economist and mathematician named Vilfredo Pareto developed the Pareto chart. A Pareto chart is a bar graph of data that shows the cause of defect from the largest number of frequencies to the smallest. It helps to know the prioritize problems. It follows the 80/20 rule, 80% of effects coming from 20% of causes.

Example of 80/20 rule

20% of drivers cause 80% of road accidents
20% of roads cause 80% of traffic
20% of factories cause 80% of the pollution


Pareto Chart Table

In this example, we will study the type and frequency of product defects in the automobile.

Benefits of Pareto Chart

1.) Divide problems from largest to smallest.
2.) Help to find the prioritize problems.
3.) Help to find the area of improvement.
4.) Help to find the problem that we have to target first.

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