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Required information Lab 1.1 Alternate: Assessing Profitability of a Mowing Business [The following information applies to the questions displayed below] Lab Insight: Apply the same steps in Lab 1.1 to the Lab 1.1 Data xis x data set with two modifications. The same scenarios exist as before, with labor costing either $13 /awn or $25/ awn. Assume that your mowing business will mow 350 lawns per month rather than 200 lawns per month. Also assume that the cost for advertising increases from $50 to $300 per month. Label these two new scenarios Scenario 3 (with labor costing $13/ lawn) and Scenario 4 (with labor costing \$25/awn). Specify the Question: What is the profit on each lawn if the mowing business mows 350 lawns per month? What is the business's total profit per month? Required: 1. Assess whether this mowing business will be profitable if you mow 350 lawns per month. 2. Show a visualization of the change in monthly margin based on a range of labor costs per lawn. Data: Lab 1,1 Data.xisx Analyze the Data: Refer to lab 1.1 in your text for additional instructions and steps. Analyze the Data: Refer to lab 1.1 in your text for additional instructions and steps. Lab 1.1 Alternate: Assessment Questions Answer the following questions based on the detalls computed. Note: Round the margin and cost per lawn to 2 decimal places