Consider the following information:

$\backslash$table$[[\backslash$table$[[$State of$],[$Economy$]],\backslash$table$[[$Probability$],[$of State of$],[$Economy$]],$Rate of Return if State Occurs$],[$Stock A$,$Stock B$,$Stock C$],[$Boom$,0\mathrm{.}25,0\mathrm{.}23,0\mathrm{.}47,0\mathrm{.}22],[$Good$,0\mathrm{.}15,0\mathrm{.}15,0\mathrm{.}19,0\mathrm{.}12],[$Poor$,0\mathrm{.}30,-0\mathrm{.}06,-0\mathrm{.}14,0\mathrm{.}01],[$Bust$,0\mathrm{.}30,-0\mathrm{.}14,-0\mathrm{.}34,-0\mathrm{.}11]]$

a$.$ Your portfolio is invested $35$ percent each in Stocks A and $C$ and $30$ percent in Stock B$.$ What is the expected return of the portfolio? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to $2$ decimal places.

Expected return $$

b$-1.$ What is the variance of this portfolio?

Note: Do not round intermediate calculations. Round your answer to $5$ decimal places.

Variance