Step 1: Understanding the Concept:
The question asks whether two lines, L1 and L2, are parallel. For two distinct lines to be parallel, they must have the same slope and different y-intercepts.
Step 2: Key Formula or Approach:
Let the equations of the lines be \( y = m_1x + c_1 \) for L1 and \( y = m_2x + c_2 \) for L2.
For L1 and L2 to be parallel:
1. Slopes must be equal: \( m_1 = m_2 \)
2. Y-intercepts must be different: \( c_1 \neq c_2 \)
Step 3: Detailed Explanation:
Analyze Statement (1): "Both lines lie in the first, second and fourth quadrants."
A line that passes through Quadrant I, II, and IV must cross the y-axis at a positive value (to be in I and II) and have a negative slope (to go from II down to I and then IV). So, for both lines, \( m<0 \) and \( c>0 \). This tells us that both slopes are negative, but not that they are equal. For example, L1 could be \( y = -2x + 5 \) and L2 could be \( y = -3x + 6 \). Both satisfy the condition but are not parallel. Therefore, Statement (1) is not sufficient.
Analyze Statement (2): "The y intercepts of the lines L1 and L2 are 8 and 4 respectively."
This tells us that \( c_1 = 8 \) and \( c_2 = 4 \). We know the y-intercepts are different (\( c_1 \neq c_2 \)), which is a necessary condition for two distinct lines to be parallel. However, we have no information about their slopes (\( m_1 \) and \( m_2 \)). The slopes could be equal or unequal. Therefore, Statement (2) is not sufficient.
Analyze Statements (1) and (2) Together:
From (1), we know both lines have negative slopes (\( m_1<0, m_2<0 \)).
From (2), we know their y-intercepts are 8 and 4.
Combining these, we know that L1 and L2 are two distinct lines with positive y-intercepts and negative slopes. However, we still do not know if their slopes are equal.
For example:
Case A (Parallel): L1 is \( y = -2x + 8 \) and L2 is \( y = -2x + 4 \). Both satisfy the conditions.
Case B (Not Parallel): L1 is \( y = -3x + 8 \) and L2 is \( y = -2x + 4 \). Both also satisfy the conditions.
Since we cannot definitively determine if the lines are parallel, the combined information is not sufficient.
Step 4: Final Answer:
Because even with both statements, we cannot be certain whether the slopes are equal, the information is not sufficient. The correct option is (E).