Concept:
This problem requires determining the sign of a variable \( x \) given a system of non-linear equations.
Step 1: Analyze individual statements.
Statement (I) \( xy = 6 \): We cannot determine the sign of \( x \) because \( y \) could be positive (making \( x \) positive) or negative (making \( x \) negative). Insufficient.
Statement (II) \( xy^2 = 12 \): We know \( y^2 \) is always non-negative. However, \( x \) could still be positive or negative depending on other conditions. Insufficient.
Step 2: Combine the statements.
We have a system:
\[
(1) \quad xy = 6
\]
\[
(2) \quad xy^2 = 12
\]
To isolate \( y \), divide equation (2) by equation (1):
\[
\frac{xy^2}{xy} = \frac{12}{6}
\]
\[
y = 2
\]
Now, substitute \( y = 2 \) back into equation (1):
\[
x(2) = 6 \implies x = 3
\]
Since \( x = 3 \) is definitively positive, the combined information is sufficient.
{ Both statements (I) and (II) are sufficient.}