In an ideal CSTR, a pulse of tracer entering at time zero mixes instantly with the entire tank contents, so the tracer concentration inside (and therefore at the exit) decays exponentially with time according to the mass balance \( C(t) = C_0 e^{-t/\tau} \), where \( \tau \) is the mean residence time. We want the time at which \( C(t) = C_0/2 \), and we can check each option by substituting it back into this decay law.
Only \( t = 0.693\tau \) satisfies \( C(t)/C_0 = 0.5 \) for the exponential decay of an ideal CSTR.
Therefore, the correct answer is \( 0.693t \).