Which of the following statements is incorrect?

Given below are two statements $:$
Statement $(I):$ It is impossible to specify simultaneously with arbitrary precision,both the linear momentum and the position of a particle.
Statement $(II) :$ If the uncertainty in the measurement of position and uncertainty in measurement of momentum are equal for an electron,then the uncertainty in the measurement of velocity is $\geq \sqrt{\frac{h}{4\pi}} \times \frac{1}{m}$ which simplifies to $\geq \frac{1}{2m} \sqrt{\frac{h}{\pi}}$. In the light of the above statements,choose the correct answer from the options given below $:$

$A$ microscope using appropriate photons is engaged to track an electron in an atom within a distance of $0.001 \ nm$. What will be the uncertainty involved in measuring its velocity?

Explain the graph of $\psi(r)$ and $\psi^2(r)$ with distance $r$ from the nucleus.

What is indicated by $\psi$ for atomic and molecular orbitals? How is the molecular orbital obtained by the Schrodinger wave equation?

If the uncertainty in the position of an electron is associated with an uncertainty in momentum of $2 \times 10^{-17} \ g \ cm \ s^{-1}$,what will be the uncertainty in the velocity of the electron?