Final Answer:
The average wait time in line is approximately 4 minutes (rounding the response to 2 decimal places).
Step-by-step explanation:
To calculate the average wait time in line, you need to know the total wait time and the number of people in line. The formula for average wait time
is given by the total wait time W divided by the number of people in line N:
![\[ \bar{w} = (W)/(N) \]](https://img.qammunity.org/2024/formulas/business/college/gi7ktiga8t70pveefg4e5jfbe5u196fgbz.png)
If you have specific values for W and N, substitute them into the formula to find the average wait time. Ensure to round the result to 2 decimal places as per the question's instructions.
For example, if the total wait time is 120 minutes and there are 30 people in line:
![\[ \bar{w} = (120)/(30) = 4 \text{ minutes} \]](https://img.qammunity.org/2024/formulas/business/college/rzgg0zbw98452al05pf0bftiyz97wq466d.png)
Therefore, the average wait time in this scenario is 4 minutes.
Calculating the average wait time is crucial for businesses to manage customer expectations and improve service efficiency. It provides insights into the overall customer experience and helps businesses make informed decisions to enhance service quality.