Pareto Analysis Background

$1$ point possible $($graded$)$

Which of the following statements regarding Pareto Analysis is NOT correct?

The Pareto Analysis helps to identify the "vital few" from the "trivial many"

Dr$.$ Joseph Juran adopted the Pareto distribution to describe phenomena in the quality area: "A small number of causes are responsible for a large proportion of losses."

The Pareto Analysis can only be used when there is only a single option that can be chosen; for example, only one project to select or only one defect category.

The Pareto Analysis is based on Wilfredo Pareto's $(1848-1923)$ description of wealth distribution.