Ester Ltd. is planning to launch a new brand of makeup product. Based on market research. if yearly sales are high they can make a profit of $2.4 million. If yearly sales are mediocre they can make a profit of $1.1 million. Finally. if yearly sales are low they can lose $1.1 million. The probability that yearly sales will be high Is 0.34 and the probability that yearly sales will be mediocre Is 0.48. Calculate the variance of profit for the new brand of makeup product (in $millions ² ). Give your answer to two decimal places.

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