349. Little's Law

𝐿=𝜆𝑊

Where:

Example

Bank where customers arrive at an average rate of 10 customers per hour ( 𝜆=10 customers / hour). Each customer spends an average of 12 minutes in the bank (𝑊=1260=0.2 hours).

𝐿=𝜆𝑊=10×0.2=2

On average, there are 2 customers in the bank at any given time (includes being served and those waiting in line)