Problem 4 A time study was conducted of four element of a job. The observed times and performance ratings for six cycles are shown in the table. Note: The second element only ocurs every other cycle Observed time (OT) = average cycle time for each element (round to 2 decimals) Element 1 2 3 4 1 4.1 3.2 2.7 OBSERVATIONS (minutes per cycle) 2 LL 4 1.5 3.2 2.8 3 4.2 3.3 2.7 4 4.1 1.6 3.2 2.8 5 4.1 3.3 2.8 6 4.1 1.4 3.3 2.8 Average Cyce time 4. Given these observed times (in minutes) for four elements of a job, determine the observed time (OT) for each element. Note: The second element only occurs every other cycle. Element 1 2 1 2 3 4 CYCLE 1.5 3 4 4.1 4.0 4.2 4.1 4.1 4.1 5 6 1.6 1.4 3.2 3.2 3.3 3.2 3.3 3.3 2.7 2.8 2.7 2.8 2.8 2.8