Given below are two statements

Statement I: Analogical argument is a type of inductive argument.

Statement II: In an analogical argument, it is concluded that two entities alike in some respects, are therefore alike in some other respect.

In light of the above statements, choose the most appropriate answer from the options given below

1
Both Statement I and Statement II are correct
2
Both Statement I and Statement II are incorrect
3
Statement I is correct but Statement II is incorrect
4
Statement I is incorrect but Statement II is correct

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