Assignment:
Jell Lee Beans is famous for its boxed candies, which are sold primarily to businesses. One operator had the following observed times for gift wrapping in minutes: 2.2, 2.6, 2.3, 2.5, 2.4. The operator has a performance rating of 105% and an allowance factor of 10%. What is the standard time for gift wrapping?
Provide complete and step by step solution for the question and show calculations and use formulas.