I have a Math question:

The “Pareto-Principle” says that 80% [of Results] is produced by 20% of the efforts… The 80/20 Rule.

That is a Ratio of 4 to 1. So would it be correct to say that the 80/20 Rule & the 4/1 Rule are the same?

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wb5yjs
Premium

THANKS to all that replied. I have it under control now.

AVAILABILITY of ACCESS & UTILIZATION of what is AVAILABLE are two different things.

Not UTILIZING what is AVAILABLE is the paramount PROBLEM.

In order for the POOR to become RICH, they must UTILIZE all that is AVAILABLE.

INFORMATION is AVAILABLE to all. The Rich UTILIZE it the most.

Joining the Rich requires the application of the 80/20 Rule to both

... AVAILABILITY & UTILIZATION.

AVAILABILITY of ACCESS & UTILIZATION of what is AVAILABLE are two different things.

Not UTILIZING what is AVAILABLE is the paramount PROBLEM.

In order for the POOR to become RICH, they must UTILIZE all that is AVAILABLE.

INFORMATION is AVAILABLE to all. The Rich UTILIZE it the most.

Joining the Rich requires the application of the 80/20 Rule to both

... AVAILABILITY & UTILIZATION.

YuanLee
Premium

I m not a math wizard but here are some insight.

80/20 Rule and 4:1 Rule are not the same.

Leadership

4:1 Rule are fixed by distribution - where group of 4 members will have 1 leader appointed among them.

Transition

80/20 Rule are fluctuation - where it is just an estimation where some of 80% may upgrade to 20% and so do 20% may downgrade to 80%.

I apologize in advance if it is not correct, it just an opinion.

80/20 Rule and 4:1 Rule are not the same.

Leadership

4:1 Rule are fixed by distribution - where group of 4 members will have 1 leader appointed among them.

Transition

80/20 Rule are fluctuation - where it is just an estimation where some of 80% may upgrade to 20% and so do 20% may downgrade to 80%.

I apologize in advance if it is not correct, it just an opinion.

KuSo
Premium

I would say in most cases yes, also called the law of vital few or principle of factor sparsity [1, 4]. It is the rule of thumb in bussiness (for example 80% of sales come from 20% of clients) erc. But this rule can be affected by the distribution for example 3 rIchest people in the world own as much as the next 7 combined. Hope this helped a bit. Tim