The question involves understanding properties of the trace function of matrices. Let's address each statement individually to determine their correctness.
The trace of a matrix is defined as the sum of its diagonal elements. One of the important properties of the trace function is that for two matrices \( A \) and \( B \), where \( A \) is an \( m \times n \) matrix and \( B \) is an \( n \times m \) matrix, the trace of the product of these two matrices is equal irrespective of their order.
This means that \(\text{tr}(AB) = \text{tr}(BA)\). This is a known property that results from the cyclic property of the trace function in linear algebra.
| Step | Reason |
|---|---|
| Cyclic property | \(\text{tr}(XY) = \text{tr}(YX)\) for matrices of compatible dimensions. |
Thus, Statement 1 is correct.
Similarly to the first statement, let's analyze this. Matrices \( C \) and \( D \) are both \( n \times n \) matrices. Applying the cyclic property of the trace again in this context, we find:
Since \( C \) and \( D \) are square matrices of the same order, the trace property holds: \(\text{tr}(CD) = \text{tr}(DC)\). The cyclic nature of the trace gives us this equality, regardless of matrix size, provided dimensions are compatible.
Thus, Statement 2 is also, indeed, correct.
Therefore, both statements given in the question are correct.
Conclusion: The correct answer is "Both Statement 1 and Statement 2 are correct."