Consider the following statements:

In the electoral college for Presidential Election in India,

1. The value of the vote of an elected Member of Legislative Assemble equals

                                 State Population

              Number of Elected MLAs of the State x 100.

2. The value of the vote of an elected Member of Parliament equals

                   Total Value of the votes of all elected MLAs

                              Total Number of elected MPs.

3. There were more than 5000 members in the latest elections.

Which of these statements is/are correct?