Statement S1: If \( f(a) \cdot f(b) < 0 \) then there exists a root for \( f(x) = 0 \) in between \( a \) and \( b \). This statement resembles the Intermediate Value Theorem (IVT), which states that for continuous functions on interval \([a, b]\) where \(f(a) \cdot f(b) < 0\), there is at least one root between \(a\) and \(b\). However, S1 omits the critical condition of continuity of function \(f(x)\). Without guaranteeing continuity, S1 is false. Counterexamples can be devised with discontinuous functions, for which the statement fails.
Statement S2: The Simpson's \( \frac{1}{3} \) rule approximates the definite integral \(\int_a^b f(x)\, dx\) as sum of the areas under the parabolas. Simpson's \( \frac{1}{3} \) rule is indeed a method of numerical integration that approximates the definite integral by using a parabolic approximation (second-degree polynomial) to estimate the curve \(f(x)\) between the endpoints. This statement is accurate.
Based on the evaluations: S1 is false, S2 is true.