Given below are two statements:
Statement I: IUPAC name of \(HO-CH_2 - (CH_2)_3 - CH _2 - COCH _3\) is 7-hydroxyheptan-2-one.
Statement II: 2-oxoheptan-7-ol is the correct IUPAC name for above compound.
In the light of the above statements. choose the most appropriate answer from the options given below:
(1) Statement I is correct but Statement II is incorrect.
(2) Both Statement I and Statement II are incorrect.
(3) Both Statement I and Statement II are correct.
(4) Statement I is incorrect but Statement II is correct.