Given below are two statements:

Statement I: In psychographic segmentation of the market, the science of psychology is used for understanding and segmenting the consumers. 

Statement II: Segmenting consumers based on psychographics rests on identifying consumers' state of mind, and hence helps in piecing together with a more incisive profile of the target consumers. 

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

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

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