Step 1: Set up
Let \(t=\sin^{-1}x\). Then \(\cos^{-1}x=\frac{\pi}{2}-t\).
Step 2: Form the expression
\[ t^2+\left(\frac{\pi}{2}-t\right)^2=2t^2-\pi t+\frac{\pi^2}{4} \]
Step 3: Minimise
The minimum of \(2t^2-\pi t+\frac{\pi^2}{4}\) occurs at \(t=\frac{\pi}{4}\), which lies in \([-\frac{\pi}{2},\frac{\pi}{2}]\).
\[ 2\cdot\frac{\pi^2}{16}-\frac{\pi^2}{4}+\frac{\pi^2}{4}=\frac{\pi^2}{8} \]
Final Answer:
The minimum value is \(\frac{\pi^2}{8}\), option (A).
\[ \boxed{\text{(A)}} \]