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Estimate of the mean annual premium

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Reference no: EM131615692

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 the right 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.

  • 765 834 789 633
  • 526 571 466 514
  • 841 985 580 725
  • 856 610 720 985

Reference no: EM131615692

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