Given below are two statements :
Statement I: The log‐normal distribution is positively skewed.
Statement II: A negatively skewed distribution has its long tail to the left.
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 true but Statement II is false
4
Statement I is false but Statement II is true