Consider the following statements:
Statement 1: Range is not a good measure of dispersion.
Statement 2: Range is highly affected by the existence of extreme values.
Which one of the following is correct in respect of the above statements?
1
Both Statement 1 and Statement 2 are correct and Statement 2 is the correct explanation of Statement 1
2
Both Statement 1 and Statement 2 are correct but Statement 2 is not the correct explanation of Statement 1
3
Statement 1 is correct but Statement 2 is not correct
4
Statement 2 is correct but Statement 1 is not correct