\displaystyle[br]\begin{equation*}\text{Var} \left(\frac{B_1 + B_2 + \cdots + B_{12}}{12}\right) = \frac{1}{12^2}\text{Var}(B_1 + \cdots + B_{12}) = \frac{12}{12^2} \text{Var}(B) = \frac{\text{Var} B}{12}\end{equation*}
\displaystyle[br]\begin{equation*}\text{Var} \left(\frac{B_1 + B_2 + \cdots + B_{12}}{12}\right) = \frac{1}{12^2}\text{Var}(B_1 + \cdots + B_{12}) = \frac{12}{12^2} \text{Var}(B) = \frac{\text{Var} B}{12}\end{equation*}
\displaystyle[br]\begin{equation*}\text{Var} \left(\frac{B_1 + B_2 + \cdots + B_{12}}{12}\right) = \frac{1}{12^2}\text{Var}(B_1 + \cdots + B_{12}) = \frac{12}{12^2} \text{Var}(B) = \frac{\text{Var} B}{12}\end{equation*}
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