Step 1 :Let's denote: p, q, r as the variables, ∧ as the AND operator, ∨ as the OR operator.
Step 2 :We will construct a truth table to determine whether the two statements are equivalent.
Step 3 :The truth table is as follows: \[\begin{array}{|c|c|c|c|c|} \hline p & q & r & (p \land q) \lor r & p \land (q \lor r) \\ \hline T & T & T & T & T \\ T & T & F & T & T \\ T & F & T & T & T \\ T & F & F & F & F \\ F & T & T & T & T \\ F & T & F & F & F \\ F & F & T & T & T \\ F & F & F & F & F \\ \hline \end{array}\]
Step 4 :From the truth table, we can see that for every possible combination of p, q, and r, the two statements $(p \land q) \lor r$ and $p \land (q \lor r)$ have the same truth value.
Step 5 :\(\boxed{\text{Therefore, the two statements are equivalent.}}\)