Two city councilors are debating whether to pursue a new project. councilor miles says it is only "worth it" to society if suppliers lower their costs to the city for the inputs to the project. councilor squeaky disagrees, and says it doesn’t matter—society is no better off with these cost concessions than it would be without the concessions. where do you stand? explain. （100 words minimum)

This exercise illustrates that poor quality can affect schedules and costs. a manufacturing process has 130 customer orders to fill. each order requires one component part that is purchased from a supplier. however, typically, 3% of the components are identified as defective, and the components can be assumed to be independent. (a) if the manufacturer stocks 130 components, what is the probability that the 130 orders can be filled without reordering components? (b) if the manufacturer stocks 132 components, what is the probability that the 130 orders can be filled without reordering components? (c) if the manufacturer stocks 135 components, what is the probability that the 130 orders can be filled without reordering components?