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The Final 10%
Have you ever heard of the 80/20 rule? It states that 80% of most effects are caused by just 20% of the possible causes. It is known as the Pareto principle, named after Vilfredo Pareto, an Italian scientist who postulated a mathematical distribution to describe the distribution of wealth in a given population, and applies to a variety of social and natural phenomena.
Some examples are as follows:
- 20% of the clients of a company account for 80% of its revenue
- 80% of a company’s sales come from 20% of its products
- 80% of global world wealth is owned by 20% of the population
- 80% of crimes are committed by 20% of criminals
- 20% of the posts on social networks generate 80% of the traffic
It is a rule of thumb, but you’d be surprised ...
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