Given below are two statements:
Statement I: For a given sample size and level of significance (a), the critical value of Student's t always exceeds that of z
Statement II: For a given level of significance (a), the critical value of Student's t increases as n increases.
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