A Pareto chart is a specialized bar chart that displays categories in descending order and a line chart representing the cumulative amount. The chart effectively communicates the categories that contribute the most to the total. Frequently, quality analysts use Pareto charts to identify the most common types of defects or other problems.
Learn how to use and interpret these charts and understand the Pareto principle and the 80/20 rule that are behind it. I’ll also show you how to create them using Excel. [Read more…] about Pareto Charts