Given below are two statements:
Statement I: The standard deviation of a sampling distribution of a statistic is often called a 'standard error'.
Statement II: When the number of samples taken from a population is between 30 to 60, they are called small samples.
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