Question two: (5 marks) A time study was conducted on a job that contains four elements. The observed times and performance ratings for six cycles are shown in the following table: Performance Cowl Elements Observations (Minutes Rating (%), ) 1 2 3 4 5 6 7 8 1 100 1.50 1.54 1.47 1.51 1.49 1.52 1.50 1.40 2 95 1.45 1.30 1.55 1.60 1.25 1.40 1.24 1.35 3 120 1.00 1.20 1.40 1.35 1.20 1.10 1.30 1.24 4 100 2.10 2.14 2.08 2.20 2.16 2.26 2.00 2.30 Determine each of the following: a. The standard time, assuming an allowance factor of 15 percent of job time. b. How we can improve the standard time in this situation