Step 1: Understanding the Concept
If \(\theta=\cot^{-1}t\), then \(\cot\theta=t\) and \(\sin^2\theta=\dfrac{1}{1+\cot^2\theta}=\dfrac{1}{1+t^2}\).
Step 2: Simplify y
Here \(t=\sqrt{\dfrac{1-x}{1+x}}\), so \(t^2=\dfrac{1-x}{1+x}\).
\(y=\dfrac{1}{1+\frac{1-x}{1+x}}=\dfrac{1+x}{2}\)
Step 3: Differentiate
\(\dfrac{dy}{dx}=\dfrac{1}{2}\)
Step 4: Compare the options
The value \(\dfrac{1}{2}\) matches the last option.
Final Answer:
The derivative is one half.
\[ \boxed{\text{(D) }\dfrac{1}{2}} \]