Write out an example (a single sentence will do) indicating your understanding of the 80/20 Rule and in effect, the Pareto Principle.

Write out an example (a single sentence will do) indicating your understanding of the 80/20 Rule and in effect, the Pareto Principle.

QUESTION:Write out an example (a single sentence will do) indicating your understanding of the 80/20 Ruleand in effect, the Pareto Principle.SOLUTION:The 80/20 Rule indicates that in anything…