Question: b) The standard time for this process = _____ minutes (round your response to two decimal places). Peter Rourke, a loan processor at Wentworth Bank,

b) The standard time for this process = _____ minutes (round your response to two decimal places).
Peter Rourke, a loan processor at Wentworth Bank, has been timed performing four work elements, with the results shown in the following table. 1 5 Task Element 1 2 3 4 Performance Rating 110 % 90 % 90% 75% 0.4 0.7 0.6 1.5 Observation (minutes per cycle) 2 3 4 0.4 0.7 0.5 0.7 0.6 0.5 0.4 0.8 0.5 1.7 2.0 1.6 0.5 0.6 0.5 1.5 The allowances for tasks such as this are personal, 8%; fatigue, 10%, and delay, 2%. a) The normal time for the complete operation = minutes (round your response to two decimal places)Step by Step Solution
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