Scenario: You are a business leader analyzing whether a new product is meeting e

Scenario: You are a business leader analyzing whether a new product is meeting expectations. You would like to create a report to post in the company intranet that summarizes your findings in an easy-to-read format for your team. You’ll need to pay special attention to creating meaningful data visualizations, and you should use techniques that make content easy to follow but that also display charts accurately without distorting or skewing data. Your company’s profit goal is 25 percent of the cost of goods sold (COGS). Remember, COGS is the cost of manufacturing the product, including labor, materials, and overhead. You will need to build trust and an open channel of communication with other leaders on your team. Pay close attention to the story that data visualizations tell you and will tell others reviewing your report. The purpose of this analysis is to better understand the cost, revenue, and profit associated with the new product launch. PLEASE LABEL EACH QUESTION AEPERATELY AND YOU WILL NEED TO MAKE 2 GRAPHS THAT YOU SEE FIT FOR THE PROMPT AND UPLOAD THEM AS A PHOTO. the excel is uploaded below Question 1: What is the importance of data analysis? How can it help you understand whether the new product had a successful launch? What are you reporting on and what are you analyzing? Why is it important to analyze this information? Your response should be between 100–200 words. Question 2: Describe the results of your analysis. What does the data tell you about the success of the product throughout the year? Was the company able to meet its profit goal? What data did you use to determine whether the product is meeting expectations? Your response should be between 200–300 words. creating data visualizations that illustrate the following information: How have the costs of goods sold (COGS) changed over the course of the year? How has the profit percentage changed over the course of the year? Keep your target audience in mind as you choose which data visualizations to use. Look for visualizations that best highlight the most useful information in a way that will be easiest for your coworkers to interpret. Upload first graph and answer : Explain what type of chart this is and the insights it provides about the success of the product launch. Your response should be between 30–50 words. Upload second graph and answer: Explain what type of chart this is and the insights it provides about the success of the product launch. Your response should be between 30–50 words. Last part: Restate the purpose of your analysis and summarize your most important findings. Be sure to highlight what you learned from the data visualizations you created. Your response should be between 100–150 words.