The document discusses using a Pareto diagram to identify the major reasons why students bunk classes at IIT Bombay. A survey of 64 college students identified 12 reasons for bunking. The Pareto diagram showed that 3 reasons - oversleeping, spending time with friends, and valuing practical knowledge more than formal learning - accounted for 80% of the frequency. This suggests students have developed a general lack of interest in formal learning, preferring to sleep more or socialize with friends instead of attending classes. The team learned that Pareto's Principle can help identify the key issues contributing most to a problem in order to focus on solving those major issues.