Frank's Fabricators has collected the following information to develop a standard time for producing their high-volume Navigator III, a universal remote control. All of the times are in minutes. Element (in Minutes) Observations 1 2 3 5 6 Cycle 1 1.11 3.09 0.95 1.33 1.48 1.81 Cycle 2 1.11 0.89 1.43 1.67 182 Cycle 3 1.15 3.26 0.90 1.26 1.59 179 Cycle 4 1.18 0.97 1.46 1.52 186 Cycle 5 1.07 3.14 0.92 1.33 165 1.84 Cycle 6 1.11 1.03 1.38 1.61 1.82 Rating Factor 1.05 1.10 1.30 1100 1.00 1:40 Rating Factor 1.05 1.10 1.30 1.00 1.00 1.40 Frequency 1.00 0.50 1.0 1.0 1.0 1.0 Calculate the mean observed time for each element. (Round your answers to 3 decimal places, e.g.,5.123.) Element Mean Observed Time w 1 2 3 5 5 6