How does one create a new feature class based on x- and y- coordinates?

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I hear this is the place to be if you have a GIS question. My problem is this: I need to create a new feature class with four different points on it from various x- and y- coordinates. What is the easiest way to do this? Step-by-step instructions would be helpful.

I should also mention that I have to use ArcGIS 10.1. This is for a class project.

Kind Regards,GIS_Rookie



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