A stock will have a loss of 11.9 percent in a bad economy, a return of 11.7 percent in a normal economy, and a return of 25.6 percent in a hot economy. There is 25 percent probability of a bad economy, 28 percent probability of a normal economy, and 47 percent probability of a hot economy. What is the variance of the stock's returns?

.01722

.02296

.15154

.04593

.03445