Consider the following information:

$\backslash$table$[[\backslash$table$[[$State of Economy$],[$Boom$]],\backslash$table$[[$Probability of State$],[$of Economy$]],$Rate of Return if State Occurs$],[$Stock A$,$Stock B$,$Stock C$],[,11,19,37],[$Bust$,\mathrm{.}35,12,\mathrm{.}06,-\mathrm{.}05]]$

a$.$ What is the expected return on an equally weightect portiolio of these three stocks? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.3216$:$)$

b$.$ What is the variance of a portiolis invested $16$ oercent each in A and $B$ and $68$ percent in $C($Do not round intermediate calculations and round your answer to $6$ decimal pleces, e$.$g$.161616,)$

a$.$ Expected retum

h$.$ Variance