I tried to launch application in emulator in android Studio in ubuntu 14.04 and it shows the following errors.
So I looked around to find some similair posts that encountered what you did, for the 1st error I found this that might fix the issue:
qemu-system
for the second one:
I saw multiple people that had this issue (source not super relevant). Some recommended updating your android studio or the SDK. Seeing as this might intervene with the 1st error I recommend just doing the 1st step and then check again.