Question: A construction company is considering a project with a total estimated cost of $10,000,000. The project is expected to take 2 years to complete. The

A construction company is considering a project with a total estimated cost of $10,000,000. The project is expected to take 2 years to complete. The company's risk manager estimates that there is a 10% chance of the project being delayed due to unforeseen circumstances. If the project is delayed, the delay is expected to last for an additional year, and the company will incur an additional cost of $2,000,000. What is the expected value and standard deviation of the project cost per year?

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