What is the difference between a Pareto chart and a histogram?
A Pareto chart displays the frequency of problems in descending order, while a histogram shows the distribution of numerical data.
Can you give me an example of when to use each?
Use a Pareto chart to identify the most significant factors in a problem, like defects in a product. Use a histogram to analyze the distribution of test scores.
Are there specific industries that prefer one over the other?
Yes, manufacturing often uses Pareto charts for quality control, while histograms are common in statistics and research for data analysis.
How do I create a Pareto chart?
To create a Pareto chart, list your categories, count their occurrences, sort them in descending order, and plot them on a bar graph.
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