Given below are two statements
Statement I: If a hypothesis is accepted when it should be rejected, then type I error is made.
Statement II: If a hypothesis is rejected when it should be accepted, then type II error is made.
In light of the above statements, choose the most appropriate answer from the options given below
1
Both Statement I and Statement II are correct
2
Both Statement I and Statement II are incorrect
3
Statement I is correct but Statement II is incorrect
4
Statement I is incorrect but Statement II is correct