What is Little's Law? How might it be applied to determine the average length of time it takes an MBA student to complete the program?
What will be an ideal response?
Little's Law is articulated as W=L/?. The average time to complete an MBA can be calculated by dividing the number of students in the program by the arrival rate, i.e., how many students are admitted to the program on average, per year or per semester. Using the graduation rate (if the two rates are substantially different) might inflate the average time.
Business
You might also like to view...
In a C-corp, what is the tax level when it is sold?
What will be an ideal response?
Business
Which of the following is something your bank is likely to know before you?
a. Checks returned for non-sufficient funds b. The deposit you mailed this morning c. Checks you have written and mailed yesterday d. Cash you've taken in today but haven't yet deposited.
Business