An Initial Analysis of a Laboratory Activity Resulted in the First

question 55

Essay

An initial analysis of a laboratory activity resulted in the first table below.After this analysis,the managers determined that their element descriptions were not as accurate as they should have been-they had left out an element,underestimated a distance,and understated the need for accuracy.They revised the table of element data,which appears in the second table.
Calculate the total standard minutes for the original activity "pouring tube specimen." Calculate the total standard minutes for the revised activity "pouring tube specimen." What is the increase,in seconds,from the first version to the second? (Round calculations to four decimal places. )

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Definitions:

Interest Rate

The cost of borrowing money or the return on investment, expressed as a percentage, charged by lenders to borrowers for the use of their money.

Substitution Effect

The change in demand for a good or service caused by a change in its price, making consumers replace it with a cheaper alternative.

Income Effect

A change in consumption patterns resulting from a change in real income due to variations in prices, other factors remaining constant.

Savings Rate

The proportion of disposable income that is saved by individuals or entities, rather than spent, often expressed as a percentage.