Axiom Industries Is a Provider of Computers to Monitor Nuclear

question 112

Essay

Axiom Industries is a provider of computers to monitor nuclear reactors.It recently implemented a dashboard approach to marketing, but has been having some problems.Managers find that they are getting too much information back that they already know.What is Axiom doing wrong?

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Definitions:

80th Percentile

A value below which 80 percent of the data in a data set falls, indicating the upper 20% of values.

Mean

The average of a set of numbers, calculated by summing all numbers in the set and then dividing by the count of numbers.

Standard Normal

A special case of the normal distribution with a mean of zero and a standard deviation of one.

Random Variable

A random variable is a variable whose values depend on outcomes of a random phenomenon, used in probability and statistics to model real-world processes.