Proper handling and reporting of existing evidence are important for the investigation and reporting phases of an incident response because they ensure the integrity, authenticity, and admissibility of the evidence in case it needs to be presented in court. Evidence that is mishandled, tampered with, or poorly documented may not be accepted by the court or may be challenged by the opposing party. Therefore, incident responders should follow the best practices and standards for evidence collection, preservation, analysis, and reporting.

The MTTD (Mean Time To Detect) is calculated by averaging the time elapsed in detecting incidents. From the given data: (180+150+170+140)/4 = 160 minutes.

A HTTP/404 error code means that the requested page or resource was not found on the web server. This could be caused by various reasons, such as incorrect URLs, moved or deleted pages, missing assets, or server misconfigurations. The analyst should first identify the source of the requests and examine the related activity to determine if they are legitimate or malicious, and what actions need to be taken to resolve the issue. The other options are either premature or irrelevant without further investigation.