Answered Essay: How do I construct Pareto charts?

How do I construct Pareto charts?

Expert Answer

Pareto Charts can be created in various softwares like microsoft excel, Tableau ,etc.

I have chosen to explain making Pareto Charts in excel.

Problem : You have data on your last month spending. You have to decided to reduce your spending by 40%. A pareto analysis can help you address this.

Suppose below given is your spending pattern

Follow the process step wise as mentioned below

Step 1 : Sort your data from largest amount to smallest amount

Step 2: Calculate the sum of all the spendings and find out total spending in the month

Step 3 : Create a cummulative amount column and calculate cummulative amount starting with the first one after sorting

Step 4 : Create a cummulative percentage column.

Cummulative percentage = Cummilative amount / Total amount

This makes you ready with data required to make a pareto chart.

Creating Pareto Chart

Step 1: Select the data and press ALT+F1 to create a chart automatically

Step 2: Right click in the chart area and select “SELECT DATA”. Remove Cummilative amount. Either uncheck it ot select cummulative amount and choose remove option.

Step 3: Highlight the cummulative % on th x- axis. After highlighting, right click and select ” Change Chart Series Type”

Step 4 : Choose a line graph.You now have a bar chart with a flat line graph along the x-axis. In order to get a curve to our Cummulative % line, we need the other vertical axis.

Step 5: Right click on the Cumulative % line and choose Format Data Series. The Format Data Series dialog box appears.Choose Secondary Axis under Series Options then click Close.

Now, your Pareto chart is created.

Buy Essay
Calculate your paper price
Pages (550 words)
Approximate price: -

Help Me Write My Essay - Reasons:

Best Online Essay Writing Service

We strive to give our customers the best online essay writing experience. We Make sure essays are submitted on time and all the instructions are followed.

Our Writers are Experienced and Professional

Our essay writing service is founded on professional writers who are on stand by to help you any time.

Free Revision Fo all Essays

Sometimes you may require our writers to add on a point to make your essay as customised as possible, we will give you unlimited times to do this. And we will do it for free.

Timely Essay(s)

We understand the frustrations that comes with late essays and our writers are extra careful to not violate this term. Our support team is always engauging our writers to help you have your essay ahead of time.

Customised Essays &100% Confidential

Our Online writing Service has zero torelance for plagiarised papers. We have plagiarism checking tool that generate plagiarism reports just to make sure you are satisfied.

24/7 Customer Support

Our agents are ready to help you around the clock. Please feel free to reach out and enquire about anything.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

HOW OUR ONLINE ESSAY WRITING SERVICE WORKS

Let us write that nagging essay.

STEP 1

Submit Your Essay/Homework Instructions

By clicking on the "PLACE ORDER" button, tell us your requires. Be precise for an accurate customised essay. You may also upload any reading materials where applicable.

STEP 2

Pick A & Writer

Our ordering form will provide you with a list of writers and their feedbacks. At step 2, its time select a writer. Our online agents are on stand by to help you just in case.

STEP 3

Editing (OUR PART)

At this stage, our editor will go through your essay and make sure your writer did meet all the instructions.

STEP 4

Receive your Paper

After Editing, your paper will be sent to you via email.