Statement I The product of coefficient of correlation, standard deviation of variable 'X' and Standard deviation of variable 'Y' gives the measure of covariance between X and Y variables.
Statement II The product of coefficient of correlation between X and Y variables and the ratio between standard deviation of X variable to standard deviation of Y variable measures the slope of the regression line of X on Y variable.

A. Both statements are correct

B. Both statements are incorrect

C. Statement I is correct while Statement II is incorrect

D. Statement I is incorrect while Statement II is correct

Answer: Option A