Final answer:
The index of refraction is the ratio of the speed of light in a vacuum to that in the material, and it must be greater than 1 because light travels slower in any material than in a vacuum. Water has a higher index than air, indicating slower light speed in water.
Step-by-step explanation:
The index of refraction is a property of a material that describes how light propagates through it compared to the propagation through a vacuum. Two statements that correctly describe the index of refraction of a material are: The index of refraction is the ratio of the speed of light in a vacuum to the speed of light in the material, and the index of refraction of a material must be greater than 1.
This is because light always travels slower in a material than it does in a vacuum, which makes the index of refraction (n) to be calculated using the formula n = c/v, where c is the speed of light in vacuum and v is the speed of light in the material. As for the comparative index of refraction values, water (n=1.333) has a higher index of refraction than air (n=1.0003), which means light travels slower in water than in air. Therefore, the correct statements are that the index of refraction is the ratio of the speed of light in a vacuum to the speed of light in the material, and the index of refraction of a material must be greater than 1. The index of refraction of water being less than that of air is incorrect.