Choose the correct option describing the features of artificial neural networks.
I. It is essentially a machine learning algorithm.
II. It is useful for problems where the data set is very large.
III. They are able to extract features without input from the programmer.
IV. These are systems modelled on the human brain and nervous system.
Choose the correct answer from the options given below:

1. AAll the statements are correct.
2. BOnly II and III are correct.
3. COnly I and IV are correct.
4. DAll the statements are not correct.

Pick an option to check yourself, or open the answer below.