Final answer:
The statement is true, as using the range function with parameters (1, 5, 3) in a for loop indicates that the step amount for the loop variable is 3.
Step-by-step explanation:
When a for loop uses the range function with three parameters, as in range (1, 5, 3), the statement 'the step amount for the loop variable is 3' is True. This means that the loop will start at 1 and increment the loop variable by 3 with each iteration, hence the next value after 1 would be 4 in this case, and because 4 is less than 5, the loop would run twice in total before stopping.