Question: a) What is the normal time? b) What is the standard time? Peter Rourke, a loan processor at Wentworth Bank, has been timed performing four

a) What is the normal time?
b) What is the standard time?
Peter Rourke, a loan processor at Wentworth Bank, has been timed performing four work elements, with the results shown in the following table. Task Element 1 2 3 4 Performance Rating 115% 90% 85% 80% 1 0.5 0.7 0.6 1.6 Observation (minutes per cycle) 2 3 4 0.4 0.7 0.5 0.7 0.8 0.7 0.5 0.8 0.4 1.7 2.0 1.7 5 0.5 0.7 0.5 1.4 The allowances for tasks such as this are personal, 6%; fatigue, 12%; and delay, 2%Step by Step Solution
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