Discussion post 5 MGT 4004

Answer the following questions in paragraph form:

1. Explain the concept of Pareto analysis and Pareto principle

2. Describe the importance of comparing a companies\’ internal ratios to other company ratios in the industry

3. Explain the difference between examining relationships between variables graphically and numerically

4. After watching all of the Ted Talks videos within this module, which one made the most impact?  Share your gained knowledge and/or revelation from the video.

5. Feel free to add any additional comments or information relating to this discussion topic.

 

Ted Talk: https://www.ted.com/talks/joel_selanikio_the_big_data_revolution_in_health_care

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