Given below are two statements
Statement I: The probable error (P.E.) of the coefficient of correlation (r) is defined as:
PE = \(\rm\frac{\left(l-r^2\right)}{\sqrt{n}}\)
Statement II: When a null hypothesis is true but the test statistic rejects it, this is known as Type-l error in hypothesis testing.
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