A stock will have a loss of 11 percent in a bad economy, a return of 10.8 percent in a normal economy, and a return of 24.7 percent in a hot economy. There is 32 percent probability of a bad economy, 37 percent probability of a normal economy, and 31 percent probability of a hot economy. What is the variance of the stocks returns? Round your final answer to at least 4 decimal places.