Here In 2020 & you’ve explained in 7min what my lecturer couldn’t in 3hours 🙏🏾Thank you

@amarachi.a

2 жыл бұрын

😭😭😭😂😂😂😂😂😂

nice handwriting, thorough, well done!

Someone finally talked about Pareto sensibly. Thank mate

Perfect explanation! Simplifying something with other materials tends to make it more complex is art!

Wow this is 2024 and this is the best video ever made please don’t take this down ❤ I could understand this chart and you have explain this amazingly well 🙌🙌👏👏👏

i am blown away with the crisp explanation

Was studying this in a book and needed more explanation. This was fantastic and answered all of my basic questions. Thank you.

A really clear & simple explanation of the analysis. Excellent delivery too. Thank you

Wow!!!! Thank you so much for a clear, succinct, and insightful tutorial on pareto charts! Thoroughly enjoyed this 👌👌

Just with this one video I could know almost everything about a Pareto Chart...The best video tutorial ever...Thank you for the video...😊😊😊

The simplest way to explain Pareto Analysis. Very helpful. THANK YOU!

WOW! WOW!! WOW!!! THE BEST BY FAR!!!WHAT A PERFECT EXPLANATION!!!! I JUST LOVE IT.

This was incredibly helpful; thank you for explaining it so thoroughly.

Most informative video I have found on this topic! Very nicely presented! Thank you for helping me understand!

Based on your explanation I feel like I could get up in front of my colleges and explain this nearly verbatim

One of the best and easiest explanation I've heard.thanks

Explained so thoroughly yet so effortlessly 🔥😭🔥

Thank you so much, It was very clear and up to the point. Now, I know what Pareto Analysis is clearly

Very straight to the point. Thanks for the video🙏

This is the best video on KZread on this topic! 😊

Thank you so much, sir. Today first time I know how to look at the Pareto chart. Very well explained sir.

you successfully dealt with my stupidity about it. you are special

An interesting way to demonstrate a very useful subject. Thank you so much.

This is the clearest explanation

Wonderfully explained! Thank You so much, seeking more to learn various concepts...... :)

Best Pareto explanation n refresher in KZread. Thank you.

Clear explanation and simple .Thanks. Keep it up !

@VampireDucks, regarding your comment made a year ago, the reason why 80 percent of the data in this cause account for phenomenon is because as you said correctly: 2/5=.40 and when multiplied by 100 or number of frequencies is a 100 it would be 40, but in this example used, the Doctor says there were a total of 200 frequencies. Therefore, you would have to multiply 2/5 or .4 by 200 instead of 100 to get the correct percentage. This would come out to be 80 percent (.4 * 200).

Wow, thank you for this explanation and perfect example. Very helpful!

Great job on the analysis!

AMAZING!!! Thank you. Makes so much more sense!

good and very informative video, thank you :)

Such helpful clear explanation. Thank u so much Dr. Bob. 🙏

Fantastic presentation. Colored my mind with regards to this subject. Thank you

Perfect description!

Thanks fo this video! I learned and found what I was looking for.

Excellent explanation. Thank you!

still now 2022 your video is really helpful,thank you so so much

thankyou for the explanation and practical example. I think it will be better if you draw the cumulative line by sum up the percentage cumulative one by one, so the 80/20 can be seen from the graph accurately. (although we can see which bars are the 20 by calculating the cumulative percentage.) just my five cent

Thank you! Excellent explanation.

Great Explanation of Basics. Crystal Clear, Thanks a lot

Thank you!!!!! VERY INFORMATIVE!

Great explanation of 80/20 rule, Very nice handwriting.

Thanks for ur clear presentation

Thank you for this simplified illustration.

Explained it neat and clear and a beautiful handwriting. Thanks a lot

Thank you ! very good explanation.

What an explanation. Mind blowing sir. Thank you so much :)

Wonderfully explained. Thank you :)

This is excellent. Thank you.

GOD BLESS YOU...

Really a good explanation... I really understand the Pareto Analysis.

really very good and informative....

Oh wow! He made this so easy to understand!! Thanks you!

Clear Explanation.. Thanks...

Thank you, this is so helpful, the way you explained it is so easy to follow. Also, you’ve got a beautiful handwriting.

Thank you

Well explained....clear explanation...Thanks

Who's the teacher?? He is excellent in explaining it so systematically.

he is much better than my professor

Cool explanation. Italian pizza is the part of trivial many being the reason of my fat belly.

"80/20" by itself implies a bias - its a good start BUT just a start. I think the "trivial few" is actually out of scope data to report (as one plot). Those are possibly more serious issues that might even be causing the larger issues. These are the issues that got caught (noticed, logged, reported, etc). Other than that it's a pretty cool description (I love hand drawn graphs for some reason as well)

The best explanation!

Thank you so much for the video. It's so simple.

Great video thx!

Awesomely explained👏

From here we get the points of the curve or do we draw it randomly ? Bcz if it's random, the intersection with the 80% won't be precise as well..

Bless you

I love ur hand writing

best explanation! thank you

Thank you so much sir ... :) :) :) Respect

Very well explained!

Really saved my semester

best explanation. thank you sir!

A must see for students

You got a doctor's handwriting

you are king man

You saved me today.

Wow simple n informative

Amazing explanation

Pareto was looking at real estate in Italy and at the peas in his garden.

The video is very explicit but I still have a question. How do you draw the curvature? Based on what?

@clairewaite6571

5 жыл бұрын

You are adding up the %s in the chart - so it starts at just column 1, then is the sum of 1+2, then is 1+2+3, then is 1+2+3_4 (until you eventually reach 100%)

Very nicely explained

If I inverse the objective to find which error rarely occurs instead of which error often occurs - those iconic two terms will change into vital many, trivial few. And that means the majority of the subject serves my value better than the minority; which is the opposite of the grandiose function of Pareto Distribution

Very good, thanks

thanks so much, now I understand

Thx so much! I have my adv. math hsc exam tomorrow and I never understood how these worked lol 😂😐😑

Hi. Does your chart not in fact show that the Pareto 80/20 does not hold for your data set? There are five causes of a phenomenon (med error) in your data and your chart show that the two most frequent of these account 80% of the phenomenon. In other words, two out of five, which is 40%, not 20%. That is, 40% (not 20%) of causes account for 80% of the phenomenon. The chart analysis may be useful, but it seems to me it doesn't establish the "Pareto Law" (or "Pareto Principle") in this case.

@P47Healey

4 жыл бұрын

I'm pretty sure that you are *technically* correct. This is not a mathematically sound example of the 80/20 rule. (Which would require a power law distribution over continuous data, rather than a histogram of categories) However, in terms of practical use this Pareto chart gets the job done. I feel that the 80/20 rule has come to mean "focus on the biggest impacts." Is that entirely accurate? No. Is it still a useful generalization? Yes.

Vital few (80%) vs Trivial many (20%)

Why are the curved lines relevant/necessary if the percentages show the greater % of concerns? (eg. The 1st 2 bars...)?

Good explanation overall, except one thing: talking about "80/20 split" reinforces common misconception that the rule refers to splitting dataset in 80/20 proportion, which is not true and would not be significant. Its not that 80+20=100. 80 refers to one thing (80% of results/effects/outputs etc) . 20 doesn't refer to remaining results - it refers to 20% causes/reasons/inputs - the most vital ones that cause that 80% of results. In video 80% of results come from 40% causes (2 out of 5), so its unfortunate to use it to explain 80/20 rule. It's so easy to fix by adding 5 more trivial causes. This often causes confusion for those trying to grasp the rule.

Thanks

Subscribing for the handwriting

thanks

he sounds like dr Wilson from HOUSE MD

This was easy to understand

Wow !

Nice work

very imformatiive helpful video

Just WOW