Tags » 80-20 Rule

Drain Bamage

We received a casual invitation from a friend to come hear him play at a little cafe out our way. His exact words were, “if you’re not doing anything interesting, and wanna come hear some mediocre music, we will be there from 5:30-7:00. 400 more words

Pareto principle, what it is and an interesting application

Pareto principle a.k.a. 80/20 rule, the law of the vital few, and the principle of factor sparsity. I saw a video today with a very interesting application of this principle that I would like to share. 210 more words

Business

Pareto’s Principle in Hospital Medicine

There are certain universal laws that appear to govern the broader workings of the world around us. For those of you unfamiliar with Pareto’s Principle, it’s a concept that was first applied in economics and then found to be a governing rule in a whole host of different arenas. 785 more words

Healthcare