Consider the following statements:
Statement I: The value of a random variable having the highest frequency is mode
Statement II: Mode is unique
Which one of the following is correct in respect to the above statements?1
Both Statement I and Statement II are true and Statement II is the correct explanation of Statement I
2
Both Statement I and Statement II are true and Statement II is not the correct explanation of Statement I
3
Statement I is true but Statement II is false
4
Statement I is false but Statement II is true