Given below are two statements:
Statement I: To qualify as a biodiversity hotspot, an area must have at least 15000 species of vascular plants.
Statement II: To qualify as a biodiversity hotspot, an area must have 50% or more of its original vegetation.
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