How I Monitor WAITS to help tune long running queries

Comments
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Hi,
This document is very useful for tunning waits.
Can you please clarify the following.
WAIT_RATIO
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13 db file sequential read INVENTORY_PK 85 ===> what does this wait ratio indicate.
13 db file scattered read STORES 10 10
13 db file sequential read ITEMS_PK 21] Is it 85% .. ,out of 100% spent for executing the query.
2] how can we measure the value 85 in terms of minutes/secons etc in lay man language.
Appreciate you kind response on the above query.
thanks,
bipsy.
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