The registration advisors at a small Mideastern college (SMC) help 5,500 students develop their class schedules and register for classes each semester. Each advisor works for 10 hours a day during the registration period. SMC currently has 16 advisors. While advising an individual student can take anywhere from 2 to 30 minutes, it takes an average of 14 minutes per student. During the registration period, the 16 advisors see an average of 400 students a day on a first-come, first-served basis. Read the requirements. Requirement 1. Calculate how long the average student will have to wait in the advisor's office before being advised. Begin by selecting the formula to calculate the wait time. (Abbreviations used: Ave = average; Hrs = hours, and Max = maximum.) Wait time Requirements 1. Calculate how long the average student will have to wait in the advisor's office before being advised. 2. The head of the registration advisors would like to increase the number of students seen each day because at 400 students a day it would take 14 working days to see all of the students. This is a problem because the registration period lasts for only 2 weeks (10 working days). If the advisors could advise 550 students a day, it would take only 2 weeks ( 10 days). However, the head advisor wants to make sure that the waiting time is not excessive. What would be the average waiting time if 550 students were seen each day? 3. SMC wants to know the effect of reducing the average advising time on the average wait time. If SMC can reduce the average advising time to 12 minutes, what would be the average waiting time if 550 students were seen each day