Where will you use ArrayList and Where will you use LinkedList? Or Which one to use when (ArrayList LinkedList)

Below is a snippet from SUN’s site. The Java SDK contains 2 implementations of the List interface – ArrayList and LinkedList. If you frequently add elements to the beginning of the List or iterate over the List to delete elements from its interior, you should consider using LinkedList. These operations require constant-time in a LinkedList and linear-time in an ArrayList. But you pay a big price in performance. Positional access requires linear-time in a LinkedList and constant-time in an ArrayList