Given below are two statements 1 and 2, and two conclusions I and II.
Statement 1: All entrepreneurs are wealthy.
Statement 2: All wealthy are risk seekers.
Conclusion I: All risk seekers are wealthy.
Conclusion II: Only some entrepreneurs are risk seekers.
Based on the above statements and conclusions, which one of the following options is CORRECT?
1
Only conclusion II is correct
2
Neither conclusion I nor II is correct
3
Both conclusion I and II are correct
4
Only conclusion I is correct