Consider the following information:

$\backslash$table$[[,,$Rate of Return if State Occurs,$],[$State of Economy,Probability of State of Economy,Stock A$,$Stock B$,$Stock C$],[$Boom$,\mathrm{.}71,\mathrm{.}09,\mathrm{.}03,\mathrm{.}39],[$Bust$,\mathrm{.}29,\mathrm{.}28,\mathrm{.}34,-\mathrm{.}19]]$

a$.$ What is the expected return on an equally weighted portfolio of these three stocks?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

b$.$ What is the variance of a portfolio invested $26$ percent each in A and $B$ and $48$ percent in $C?$

Note: Do not round intermediate calculations and round your answer to $5$ decimal places, e$.$g$.,.16161.$

$\backslash$table$[[$a$.$ Expected return,$16\mathrm{.}22],[$b$.$ Variance of portfolio,$\%$