Solve the Problem

Multiple Choice

Solve the problem. Round your answer to one decimal place unless otherwise indicated.
-A researcher for a car insurance company wishes to estimate the mean annual premium that men aged 20-24 pay for their car insurance. When 16 men aged between 20 and 24 were randomly selected and surveyed on their annual car insurance premiums, a mean of $760 was obtained. Based on this sample statistic, what is the best estimate of the mean annual car insurance premium for all men aged between 20 and 24? Round your answer to the nearest dollar.

A) $741
B) $750
C) $760
D) $737