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Scenario 1: A process for a loan application Perf. Rating Employee 1 Employee 2 Employee 3 consists of three steps. A work time study Step 1 0.85 1.60 2.45 1.56 completed on this process using a sample of Step 2 1.25 2.85 3.90 3.25 three employees resulted in the following findings (the times are in hours). Step 3 1.00 1.45 2.75 2.05 1. If the allowance for the process is 25% of the total normal time, what is the standard time for this process? Show your answer to two decimal places. Scenario 1: A process for a loan application Perf. Rating Employee 1 Employee 2 Employee 3 consists of three steps. A work time study Step 1 0.85 1.60 2.45 1.56 completed on this process using a sample of Step 2 1.25 2.85 3.90 3.25 three employees resulted in the following findings Step 3 1.00 1.45 2.75 2.05 (the times are in hours). 1. If the allowance for the process is 25% of the total normal time, what is the standard time for this process? Show your answer to two decimal places. a Scenario 1: A process for a loan application Perf. Rating Employee 1 Employee 2 Employee 3 consists of three steps. A work time study Step 1 0.85 1.60 2.45 1.56 completed on this process using a sample of Step 2 1.25 2.85 3.90 3.25 three employees resulted in the following findings Step 3 1.00 1.45 2.75 2.05 (the times are in hours). 1. If the allowance for the process is 25% of the total normal time, what is the standard time for this process? Show your answer to two decimal places