Given below are two statements
Statement I: The mean is the numerical average and is found by adding up all the values and dividing the sum by the number of values
Statement II: The mean of the following wages is 16000
i) 12000
ii) 10000
iii) 23000
iv) 15000
In 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 correct but statement II is false
4
Statement I is incorrect but Statement II is true