Read the following statements and select the correct answer using the code given below: Statements:1. Summation of ranks method is best suited to measure development levels, when data used are highly skewed.2. Summation of ranks method is quite simple and easy to handle.3. Z-Score method is the robust and most reliable among all the methods used to measure levels of development.4. Use of Principal Component Analysis method should be avoided if inter-correlation among different components of development weak or doubtful. Code:

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Read the following statements and select the correct answer using the code given below: Statements:<br />1. Summation of ranks method is best suited to measure development levels, when data used are highly skewed.<br />2. Summation of ranks method is quite simple and easy to handle.<br />3. Z-Score method is the robust and most reliable among all the methods used to measure levels of development.<br />4. Use of Principal Component Analysis method should be avoided if inter-correlation among different components of development weak or doubtful. Code: