Pareto charts can be used as a prioritization tool by helping to identify the most significant factors in a set of data. Based on the Pareto principle, which states that 80% of the consequences stem from 20% of the causes, these charts can help identify the 20% of factors that need to be addressed to solve the majority of problems or achieve the majority of your goals. For example, in a business context, a Pareto chart could be used to identify the most common reasons customers unsubscribe or the most frequent bottlenecks that interrupt company productivity.
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