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. 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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