Find the Requested Value $$\begin{array} { l l l l } 616 & 421 & 736 & 948 \\510 & 966 & 948 & 439 \\585 & 737 & 580 & 725 \\856 & 610 & 720 & 985\end{array}$$

Find the requested value.
-A researcher for a car insurance company wishes to estimate the mean annual premium that men aged 20-24 pay for their car insurance. A random sample of 16 men aged between 20 and 24 yields The following annual premiums, in dollars. $$\begin{array} { l l l l } 616 & 421 & 736 & 948 \\510 & 966 & 948 & 439 \\585 & 737 & 580 & 725 \\856 & 610 & 720 & 985\end{array}$$ Use the data to obtain a point estimate of the mean annual premium for all men aged between 20 And 24. Round your answer to the nearest dollar.

A) $690
B) $694
C) $711
D) $703

Correct Answer:

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