I have a Math question:

The “Pareto-Principle” says that 80% [of Results] is produced by 20% of the efforts… The 80/20 Rule.

That is a Ratio of 4 to 1. So would it be correct to say that the 80/20 Rule & the 4/1 Rule are the same?

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wb5yjs Premium
THANKS to all that replied. I have it under control now.

AVAILABILITY of ACCESS & UTILIZATION of what is AVAILABLE are two different things.

Not UTILIZING what is AVAILABLE is the paramount PROBLEM.

In order for the POOR to become RICH, they must UTILIZE all that is AVAILABLE.

INFORMATION is AVAILABLE to all. The Rich UTILIZE it the most.

Joining the Rich requires the application of the 80/20 Rule to both
... AVAILABILITY & UTILIZATION.
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YuanLee Premium
I m not a math wizard but here are some insight.

80/20 Rule and 4:1 Rule are not the same.

Leadership
4:1 Rule are fixed by distribution - where group of 4 members will have 1 leader appointed among them.

Transition
80/20 Rule are fluctuation - where it is just an estimation where some of 80% may upgrade to 20% and so do 20% may downgrade to 80%.

I apologize in advance if it is not correct, it just an opinion.
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KuSo Premium
I would say in most cases yes, also called the law of vital few or principle of factor sparsity [1, 4]. It is the rule of thumb in bussiness (for example 80% of sales come from 20% of clients) erc. But this rule can be affected by the distribution for example 3 rIchest people in the world own as much as the next 7 combined. Hope this helped a bit. Tim
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wb5yjs Premium
Thanks Tim,
I hope your Vats are brimming over with new wine & welcome to the USA (Idaho)... I'm in the 'Country' of Texas.
Wally
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wb5yjs Premium
I read an article that said: the 80/20 Rule & the 64/4 Rule are the same. One has a Ratio of 4 to 1 and the other has a Ratio of 16 to 1. I am confused. Can anyone explain, please?
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Mark Tait Premium
Hi - the ratios are different, so they are not the same. They're just people's opinions on output vs input - and have a ring to them which has stuck, and become known. 80/20 and 4/1 are the same - but the 80/20 is based on percentages - 4/1 is just a ratio - but relatively, they are the same.

64/4 is different altogether - but still, just another opinion.

For me, what they are trying to get across is you need to test what you are doing, and eliminate what doesn't work, and concentrate on what does. There will be a lot of insignificant output from your input, so if you can recognise that, and use more of your time to concentrate on what produces the greatest output, that's the general principle with the "80/20 rule".

It's not scientific - but I do believe what it's suggesting, and trying to get us to do, is pretty good.

All the best, Mark
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wb5yjs Premium
So, if we subscribe to the 64/4 Rule, it would be 4 time more powerful than the 80/20 Rule?
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Mark Tait Premium
Yes - if you want to take it as pure maths. I think the principle is the same - analyze/figure out where your best output comes from, and reduce the effort going into other areas.

Cheers, Mark
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wb5yjs Premium
Thanks Mark... I understand. I'll use the 64/4 Rule & get 4 times the Results... (smile)

How's everything in Scotland? All things 'Political' are really in a mess, here in the USA.

All the best to you, your wife & 3 boys !!!

Wally
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Mark Tait Premium
Cheers Wally - we're watching what's going on over there - and it's a bit worrying at times. But people have strong opinions - much like we did when we had our referendum (although not quite on the same scale are choosing your next president of the USA).

We're all good here though - looking forward to seeing the northern lights again over the next couple of days!

All the best to you and yours too.

Cheers, Mark
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