Classify the following variables as either observation based or time based: (a) Time-to-failure of an electronic component.
Question:
Classify the following variables as either observation based or time based:
(a) Time-to-failure of an electronic component.
(b) Inventory level of an item.
(c) Order quantity of an inventory item.
(d) Number of defective items in a lot.
(e) Time needed to grade test papers.
(f) Number of cars in the parking lot of a car-rental agency.
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