Question 1

What is Pareto Analysis also known as?

Accepted Answer

80/20 Analysis

Answer

Risk Analysis

Answer

Cost-Benefit Analysis

Answer

SWOT Analysis

Question 2

What primary purpose does Pareto Analysis serve in business?

Accepted Answer

Identifying key products driving most of the revenue

Answer

Improving customer satisfaction

Answer

Enhancing employee productivity

Answer

Reducing operational costs

Question 3

Which tool is used in the video to perform Pareto Analysis?

Accepted Answer

Power BI

Answer

Tableau

Answer

Google Data Studio

Answer

Excel

Question 4

What does the Pareto Principle state?

Accepted Answer

80% of effects come from 20% of causes

Answer

50% of sales come from 50% of customers

Answer

90% of revenue comes from 10% of products

Answer

70% of issues come from 30% of problems

Question 5

In the video, what visualization is created to perform Pareto Analysis?

Accepted Answer

Pareto Table

Answer

Line Graph

Answer

Bar Chart

Answer

Pie Chart

Question 6

How does the video suggest enhancing the flexibility of Pareto Analysis in Power BI?

Accepted Answer

By creating a dynamic slider to define the percentage for grouping products

Answer

By adding more colors to the visualization

Answer

By using a different data source

Answer

By increasing the number of data points

Question 7

What type of products are grouped in the Pareto Table visualization?

Accepted Answer

Top products and the rest

Answer

Products with the lowest sales

Answer

Products with highest profit margins

Answer

All products equally

Question 8

What additional feature does the Pareto Table include to refine the analysis?

Accepted Answer

A slider to dynamically define the percentage

Answer

A tooltip to show product details

Answer

A legend to categorize products

Answer

A filter to select different time periods

Question 9

Why is Pareto Analysis useful for optimizing marketing strategies?

Accepted Answer

It helps identify key products driving most revenue

Answer

It increases the number of products in the market

Answer

It reduces marketing costs

Answer

It improves customer service

Question 10

Which Power BI course is mentioned in the video for learning more about DAX and Data Modelling?

Accepted Answer

Mastering DAX in Power BI

Answer

Advanced Data Visualization in Power BI

Answer

Mastering Excel

Answer

Power BI for Beginners

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