Question: Determine whether the statement below makes sense or does not make sense. Explain clearly. Although a company randomly surveys only a few thousand households out
Determine whether the statement below makes sense or does not make sense. Explain clearly. Although a company randomly surveys only a few thousand households out of the millions that own cars, they have a good chance of getting an accurate estimate of the proportion of the population with a luxury car. Question content area bottom Part 1 Choose the correct answer below. A. The statement does not make sense. The chance of getting an accurate estimate of the proportion is the same as the proportion of the car owners surveyed. B. The statement does not make sense. The sample size would need to be at least 10% of the population to have a good chance of getting an accurate estimate of the proportion. C. The statement makes sense. The sample size is large enough for the sample proportion to be the same as the actual population proportion by the Central Limit Theorem. D. The statement makes sense. The sample size is large enough for the distribution of sample proportions to be nearly normal, so individual sample proportions should be clustered around the actual population proportion
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