Problem 7-5 (Algo) Given these observed times (in minutes) for five elements of a job, determine the observed time (OT) for each element. Note: Some of the elements occur only periodically. (Round your answers to 2 decimal places.) CYCLE Element 1 2 3 4 5 6 1 2.1 2.1 2.1 2.1 2.1 2 - 1.6 - 1.6 1.6 3 3.1 3.1 3.1 4.1 3.1 3.1 4 4.1 5.1 1.6 1.6 2.1 1.6 1.6 1.6 Click here for the Excel Data File Element 1 2 Observed Time 3 4 5