Given below are two statements:

Statement I: ASCII, a character-encoding scheme, is an acronym for American Standard Code for Intelligent Information.

Statement II: (37.25)10 = (100101.01)2

In the light of the above statements, choose the correct answer from the options given below:

1
Both Statement I and Statement II are true.
2
Both Statement I and Statement II are false.
3
Statement I is true but Statement II is false.
4
Statement I is false but Statement II is true.

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