Required information [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.xisx data set with two modifications. The same scenarios exist as before, with labor costing either $13/ lawn or $25/ lawn. 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/lawn). 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.x|sx Analyze the Data: Refer to lab 1.1 in your text for additional instructions and steps. Answer the following questions based on the details computed. Note: Round the margin and cost per lawn to 2 decimal places. Answer the following questions based on the details computed. Note: Round the margin and cost per lawn to 2 decimal places. Required information [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.xisx data set with two modifications. The same scenarios exist as before, with labor costing either $13/ lawn or $25/ lawn. 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/lawn). 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.x|sx Analyze the Data: Refer to lab 1.1 in your text for additional instructions and steps. Answer the following questions based on the details computed. Note: Round the margin and cost per lawn to 2 decimal places. Answer the following questions based on the details computed. Note: Round the margin and cost per lawn to 2 decimal places