Step 1: Understanding the Concept:
This question examines the relationship among the three classical measures of central tendency: Arithmetic Mean (AM), Geometric Mean (GM), and Harmonic Mean (HM).
The first statement is based on the definition of harmonic mean, while the second statement tests the well-known relation connecting AM, GM, and HM.
Key Formula or Approach:
For \(n\) positive observations \(x_1,x_2,\ldots,x_n\):
Arithmetic Mean:
\[
AM=\frac{x_1+x_2+\cdots+x_n}{n}
\]
Harmonic Mean:
\[
HM=\frac{n}{\frac{1}{x_1}+\frac{1}{x_2}+\cdots+\frac{1}{x_n}}
\]
The reciprocal of the arithmetic mean of reciprocals is:
\[
\frac{1}{\frac{\frac1{x_1}+\frac1{x_2}+\cdots+\frac1{x_n}}{n}}
=\frac{n}{\sum \frac1{x_i}}
=HM
\]
Also, the correct relationship among the three means is:
\[
GM^2=AM\times HM
\]
Step 2: Detailed Explanation:
Statement 1:
The harmonic mean is defined as the reciprocal of the arithmetic mean of the reciprocals of the given numbers.
From the formula,
\[
HM=\frac{n}{\sum \frac1{x_i}}
=\frac{1}{\frac1n\sum\frac1{x_i}}
\]
Hence, Statement 1 exactly matches the mathematical definition.
Therefore, Statement 1 is true.
Statement 2:
The statement claims that the geometric mean is the arithmetic mean of HM and AM, i.e.,
\[
GM=\frac{AM+HM}{2}
\]
This is incorrect.
The actual relation is:
\[
GM=\sqrt{AM\times HM}
\]
For example, let the two numbers be \(2\) and \(8\).
Their arithmetic mean is:
\[
AM=\frac{2+8}{2}=5
\]
Their harmonic mean is:
\[
HM=\frac{2\times2\times8}{2+8}
=\frac{32}{10}=3.2
\]
Their geometric mean is:
\[
GM=\sqrt{2\times8}
=\sqrt{16}=4
\]
Now,
\[
\frac{AM+HM}{2}
=\frac{5+3.2}{2}
=4.1
\]
Since \(4\neq4.1\), the statement is false.
Therefore, Statement 2 is false.
Step 3: Final Answer:
Statement 1 is true, whereas Statement 2 is false.
Hence, the correct option is:
\[
\boxed{(A) Statement 1 is true but Statement 2 is false.
\]