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Please Answer Problem 7-4 (Algo) Given these observed times (in minutes) for four elements of a job, determine the observed time (OT) for each element.

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Problem 7-4 (Algo) 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. (Round your answers to 2 decimal places.) CYCLE Element 1 2 3 4 5 6 4.8 4.3 4.8 4.8 4. 8 4.8 2.8 2.8 2. 8 3.8 3.8 4.8 3.8 3.8 3.8 3.3 4.3 3.3 3.3 3.3 3.3 Click here for the Excel Data File Element Observed Time 2 3 4

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