Estimate the average time-length that a student is enrolled at the university (including students who graduate and those transfer or drop out)
My thought: I computed the percentage of new student, classified as either first-year or transfer, in each of year 1-5. I also computed the number of students who dropped out in each year (but I could not determine how long they stay, which is the key point). Anyway, I think we could use Little's Law ($L_i = \lambda_i W_i$), but I am stuck on getting $\lambda$ and $W$ (is $W_i$ equal to the total enrollment in year i? Similarly, is $\lambda_i$ equal to the total number of new students in year i?).
My question: I would sincerely appreciate if someone could give some thought on this problem.
