The company logo on the first batch of purses produced was upside$-$down. A representative from the bag production company said they are confident they can supply a new set of bags with a correctly placed logo and are working extra hours to meet the deadline.

What is the probability of this risk occurring and what is the impact on the project?

a$.)$

Medium probability and high impact

b$.)$

High probability and medium impact

c$.)$

Low probability and high impact

d$.)$

Medium probability and low impact