Question 3 222 6 points use littles formula to answer

Question 3 (2+2+2 = 6 points)
Use Little’s formula to answer the following two questions.
Little’s formula: WIP = Flow rate × Flow time.
a) At a ski resort in Salt Lake City, their lift unloads 1296 skiers per hour at the top of the slope. The
ride from the bottom to the top of the slope takes 5 minutes. On average how many skiers are riding
on the lift? (2 points)

b) On average there are 15 customers waiting to be served in a community bank. The bank tellers can
serve 2.5 customers in a minute. How long will the customer spend in the bank? (2 points)
c) Home Depot’s inventory turns are 4.7 turns per year, its cost of goods sold is $44.7 Billion per year.
What is the average inventory it holds in $ Billion? (2 points)