Since the denominator is (n-2), n cannot be equal to 2; otherwise, the denominator will become ZERO and division by ZERO is not a concept tested on the GMAT. That’s why the question gives us the data about n≠2.
The plugging in approach works just fine with this question.
From statement I alone, we know that n is an odd number.
If n = 1, the expression on the LHS yields ZERO which is less than 8. We get a NO as an answer to the main question.
If n = 3, the expression on the LHS yields 8 which is equal to 8. We get a YES as an answer to the main question.
If n = 5, the expression on the LHS yields 8 which is equal to 8. We get a YES as an answer to the main question.
If n = 7, the expression on the LHS yields 48/5 which is more than 8. We get a YES as answer to the main question.
Clearly statement I alone is insufficient since it’s not giving us a definite YES or NO.
Answer options A and D can be eliminated. Possible answer options are B, C or E.
From statement II alone, just knowing that n>1 is not sufficient to say that the LHS is always more than or equal to 8.
Answer option B can be eliminated. Possible answer options at this stage are C or E.
Combining statements I and II, for all values of n which are odd numbers more than 1, the expression always yields a value more than or equal to 8.
The answer option has to be C.
Hope this helps!