Given below are two statements:
Statement I: Minimum number of bits required to store any 3-digit decimal number is 10.
Statement II: The data in a digital computer is stored in terms of bits/ bytes where one Peta Byte is equal to 250 bits.
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 correct but Statement II is false
4
Statement I is incorrect but Statement II is true