Let \( P = \begin{pmatrix} 1 & 0 & 1 \\ 0 & 1 & 0 \\ 1 & 0 & 1 \end{pmatrix} \). Which of the following statements is/are correct?
1. P\(^T\)P = I
2. P is skew-symmetric
3. The value of each eigenvalue of P is 1
4. The trace of P is equal to the sum of its eigenvalues
Show Hint
A fundamental theorem in linear algebra states that the trace of a square matrix is always equal to the sum of its eigenvalues. This can be a quick check or sometimes the only correct option in multiple-choice questions.