If A and B are two events such that \(\rm P(A)=\dfrac{3}{4} \:and\: P(B)=\dfrac{5}{8}\), then consider the following statements:
1. The minimum value of P(A ∪ B) is \(\dfrac{3}{4}.\)
2. The maximum value of P(A ∩ B) is \(\dfrac{5}{8}.\)
Which of the above statements is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2