Little's Law relates (1) how many items finish a process each day (or month or year), which is called throughput, (2) how many items are in the process (i.e., WIP) and (3) the time that the average item takes to complete the process from beginning to end, which is called flowtime. Little's Law is: Flowtime = WIP / throughput. (Hint: Make sure that the time units for all the variables are the same.) 1. There are approximately 16 M cars sold every year in the U.S. Assume that there are the same number scrapped every year. There are a total of 290 M registered cars in the U.S. as a whole. How long does the average car remain in service from the time it is sold to the time it goes to the junkyard (i.e. how long is its lifetime)? (Hint: the number of cars scrapped is the throughput, and the number of registered cars is the WIP.) (Same as above, just take a stab at this. Do NOT spend more than 10 minutes on it.)