can someone tell me what the 80/20 rule is?

Question

can someone explain to me what this rule really is? and also please give me an everyday example of it

thank you!!

Answer 1

The 80/20 rule refers to the fact that in many situations a smaller portion of a group gets the majority of the attention. The 80 and 20 numbers are not meant to be exact.

For example, in the typical clothes closet, 20% of the clothes get chosen to wear 80% of the time. (the other 80% of the clothes get worn occasionally or never).

In our population, the smaller number of people who do wrong or bad things get most of the notice in the media.

Good Luck

Answer 2

The rule probably originated in the marketing world where they say 20% of your customers actually give you 80% of your business.

Answer 3

Well if it is in health insurance then it means that (after the deductible) the company will pay 80% of the bill and you are required to pay the other 20% of the medical bill.

Example: You go to the hospital for a blood test and the test costs $100.00 if you have already satisfied any deductibles then the insurance will pay $80.00 and you owe the hospital $20.00.

Answer 4

Vilfredo Pareto was an economist who is credited with establishing what is now widely known as the Pareto Principle or 80/20 rule. When he discovered the principle, it established that 80% of the land in Italy was owned by 20% of the population. Later, he discovered that the pareto principle was valid in other parts of his life, such as gardening: 80% of his garden peas were produced by 20% of the peapods.

# Some Sample 80/20 Rule Applications:
--80% of process defects arise from 20% of the process issues.
--20% of your sales force produces 80% of your company revenues
--80% of delays in schedule arise from 20% of the possible causes of the delays.
--80% of customer complaints arise from 20% of your products or services.
(The above examples are rough estimates.)
http://www.isixsigma.com/library/content/c010527d.asp

The Pareto principle (also known as the 80-20 rule, the law of the vital few and the principle of factor sparsity) states that for many phenomena, 80% of the consequences stem from 20% of the causes. Read miore about it in this Wikipedia article:
http://en.wikipedia.org/wiki/80/20_rule

More information:
http://www.google.com/search?sourceid=navclient-ff&ie=UTF-8&rlz=1B2GGGL_enUS176&q=80%2F20+rule+pareto

Answer 5

in the army, it means "80% of the work is done by 20% of the people"

Answer 6

You're in your 80 percent if the following statements ring true:

You're working on tasks other people want you to, but you have no investment in them.
You're frequently working on tasks labeled "urgent."
You're spending time on tasks you are not usually good at doing.
Activities are taking a lot longer than you expected.
You find yourself complaining all the time.
You're in your 20 percent if:

You're engaged in activities that advance your overall purpose in life (assuming you know what that is — and you should!).
You're doing things you have always wanted to do or that make you feel good about yourself.
You're working on tasks you don't like, but you're doing them knowing they relate to the bigger picture.
You're hiring people to do the tasks you are not good at or don't like doing.
You're smiling.

Answer 7

"20% of the people do 80% of the work." it mostly applies to businesses.

Answer 8

It is a marketing term, and the answer is above. They give you details about it, and some references.

Answer 9

80% lard, 20% muscle, daily excercise!

Answer 10

http://en.wikipedia.org/wiki/Pareto_principle