48.
If \( p = \sin^{2} \theta + \cos^{4} \theta \) for \( 0 \leq \theta \leq \frac{\pi}{2} \), then consider the following statements:
1. \( p \) can be less than \( \frac{3}{4} \).
2. \( p \) can be more than 1.
Which of the above statements is/are correct?