An analyst ran a regression of monthly excess returns on Lululemon Athletica stock (LULU) on monthly excess returns for the S&P 500 using data for the past 6 years. A summary of the regression output appears below. Consider the accuracy of the following two statements based on the regression output: 1. The null hypothesis that LULU's alpha equals zero cannot be rejected at the 95% level. 2. The null hypothesis that LULU's market beta equals one cannot be rejected at the 95% level. SUMMARY OUTPUT Regression Statistics R Square 0.18383803 Observations 72 Intercept X Variable Coefficients Standard Error 0.02228836 0.011900249 1.07960657 0.271886095 Statement 2. is correct but statement 1. is incorrect. Both statements are incorrect. Both statements are correct Statement 1. is correct but statement 2. is incorrect