Pareto Rule *Please include actual Pareto Chart in answer* Be sure to complete...

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Accounting

Pareto Rule
*Please include actual Pareto Chart in answer*
Be sure to complete this assignment using Excel.
1. Given the data below, create a Pareto chart reporting the major diagnostic categories (MDCs) with the highest inpatient revenue first (on the left) to the lowest revenue last (on the right).
2. What percent of revenue is generated by the top 20% of MDCs? Note: 20% of 7(the number of MDCs in the list) is 1.4. So, you would include the top 2 MDCs.
MDC Revenue
Blood and blood forming organs 1,668,475
Injury and poisoning 1,803,197
Musculoskeletal system 14,137,767
Infectious and parasitic 3,458,147
Perinatal conditions 3,923,030
Mental 9.369,685
Digestive System 15,841,269

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