4. At Lincoln Electric, a component assembly operator has the following linear piecerate plan: Lincoln Electric sets target piecerate pay to be the market median, not including bonuses. A pay survey reports that the quartiles for pay for a component assembly job are $20, $30, and $40 per hour. Lincoln Electric guarantees a minimum pay of $10 per hour. After piecerates exceed the guaranteed rate, operators earn the piece rate. The time study department determines that it takes an average of 1 minute to assemble a component, including breaks. What will be the piecerate, or the rate paid per piece? 4. At Lincoln Electric, a component assembly operator has the following linear piecerate plan: Lincoln Electric sets target piecerate pay to be the market median, not including bonuses. A pay survey reports that the quartiles for pay for a component assembly job are $20, $30, and $40 per hour. Lincoln Electric guarantees a minimum pay of $10 per hour. After piecerates exceed the guaranteed rate, operators earn the piece rate. The time study department determines that it takes an average of 1 minute to assemble a component, including breaks. What will be the piecerate, or the rate paid per piece