Question: Problem 2 Peterson's Guide to Competitive Colleges indicates Georgetown has 6,338 undergrads. Applicants totaled 13,010 but only 23% were accepted. Of those accepted, 47% actually

Problem 2 Peterson's Guide to Competitive Colleges indicates Georgetown has 6,338 undergrads. Applicants totaled 13,010 but only 23% were accepted. Of those accepted, 47% actually enrolled. How many years, on average, does an undergrad spend at Georgetown? Inventory I = 6,338 undergrads Flow rate R = 13,010 x 0.23 x 0.47 undergrads/year = 1406 undergrads/year Little's Law: T = 6,338 undergrads R 1406 undergrads/year = 4.51 years

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