Given below are two statements:
Statement I: In two tail test, 2.5% of the area of the normal curve falls on the right of 1.96 standard deviations above the mean and 2.5% to the left of 1.96 standard deviations below the mean.
Statement II: In one tail test, for testing the difference between large sample means, a z score of 1.64 is taken as Yardstick at the 5% level of significance.
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