A local newspaper wants to estimate the average household income in a city. A reporter surveys 100 individuals at a luxury car dealership. The average household income for these 100 individuals was reported as $120,000. Which of the following statements is most accurate regarding this survey?
The average household income in the city is likely to be $120,000.
The sample size of 100 individuals is too small to draw any conclusions about the city's average household income.
The sampling method is flawed and will likely result in an overestimation of the average household income in the city.
The sampling method is appropriate and will likely provide an accurate estimate of the average household income in the city.
