Find the component statements of the following compound statement and check whether they are true or false.
Number $3$ is prime or it is odd.

(N/A) The component statements are as follows:
$p: \text{Number } 3 \text{ is prime.}$
$q: \text{Number } 3 \text{ is odd.}$
Since $3$ is a prime number,statement $p$ is true.
Since $3$ is an odd number,statement $q$ is true.
Therefore,both component statements are true.