Step 1: Understanding the Concept:
Toxicological parameters measure the relative toxicity of chemical pesticides using standardized benchmarks like median lethal dose, concentration, or time.
Step 2: Detailed Explanation:
Let us analyze each statement individually:
Statement (I) defines $\text{LD}_{50}$ (Lethal Dose 50).
$\text{LD}_{50}$ is the statistically derived single dose of a substance that can be expected to cause death in 50% of a treated population of test animals (usually rats or mice) when administered by oral or dermal routes.
It is expressed as milligrams of toxicant per kilogram of body weight ($\text{mg/kg}$).
Therefore, Statement (I) is correct.
Statement (II) defines $\text{LT}_{50}$ as a concentration.
This is incorrect. $\text{LT}_{50}$ stands for Lethal Time 50.
It refers to the time period required to cause death in 50% of the test animals exposed to a constant concentration of a toxicant.
The term for the concentration of a single pesticide that is lethal to 50% of the test animals (usually via inhalation or water exposure) is $\text{LC}_{50}$ (Lethal Concentration 50).
Thus, the definition given in Statement (II) is incorrect.
Therefore, Statement (I) is correct but Statement (II) is incorrect.
Step 3: Final Answer:
Statement (I) is correct but Statement (II) is incorrect.