Which of the following is the negation of the statement “for all \( M>0 \), there exists \( x\in S \) such that \( x\ge M \)”?
There exists \( M>0 \), such that \( x\ge M \) for all \( x\in S \)
There exists \( M>0 \), such that \( x<M\) for all \(x\in S\)
There exists \( M>0 \), there exists \( x\in S \) such that \( x\ge M \)
There exists \( M>0 \), there exists \( x\in S \) such that \( x<M\)