Assertion : Among the carbon allotropes, diamond is an insulator, whereas, graphite is a good conductor of electricity </br> Reason : Hybridization of carbon in diamond and graphite are $sp^3$ and $sp^2$, respectively.

Question

$\begin{array}{1 1} \text{(1)Both assertion and reason are correct, and the reason is the correct explanation for the assertion.} \\ \text{(2) Both assertion and reason are correct, but the reason is not the correct explanation for the assertion.} \\ \text{(3) Assertion is incorrect statement, but the reason is correct.} \\ \text{(4) Both assertion and reason are incorrect.} \end{array}$