Pareto Analysis is not a tool which is used in problem solving. Select one: True False

False. Pareto Analysis is a tool used in problem-solving to identify the most significant factors contributing to a problem. It helps prioritize actions by focusing on the 'vital few' causes that have the most impact, rather than the 'trivial many.' This approach is based on the Pareto Principle, also known as the 80/20 rule, which suggests that 80% of effects come from 20% of causes.