Step 1: Understanding the Concept:
The two lines of regression (Y on X and X on Y) intersect at the point \((\bar{X}, \bar{Y})\). The angle (\(\theta\)) between these two lines depends on the correlation coefficient and the standard deviations of the variables.
Step 2: Key Formula or Approach:
The acute angle \(\theta\) between the two regression lines is given by the formula:
\[ \tan \theta = \left| \frac{1-r^2}{r} \frac{\sigma_X \sigma_Y}{\sigma_X^2 + \sigma_Y^2} \right| \]
where \(r\) is the correlation coefficient, and \(\sigma_X, \sigma_Y\) are the standard deviations.
Step 3: Detailed Explanation:
We are given the following values:
- Correlation coefficient, \(r = 0.60\)
- Standard deviation of X, \(\sigma_X = 2\)
- Standard deviation of Y, \(\sigma_Y = 4\)
First, calculate the components of the formula:
- \(r^2 = (0.60)^2 = 0.36\)
- \(1 - r^2 = 1 - 0.36 = 0.64\)
- \(\sigma_X \sigma_Y = 2 \times 4 = 8\)
- \(\sigma_X^2 + \sigma_Y^2 = 2^2 + 4^2 = 4 + 16 = 20\)
Now, substitute these values into the formula for \(\tan \theta\):
\[ \tan \theta = \frac{0.64}{0.60} \frac{8}{20} \]
\[ \tan \theta = \frac{64}{60} \times \frac{8}{20} = \frac{16}{15} \times \frac{2}{5} = \frac{32}{75} \]
Converting the fraction to a decimal:
\[ \tan \theta = \frac{32}{75} \approx 0.42666... \]
Therefore, the angle \(\theta\) is:
\[ \theta = \tan^{-1}(0.4267) \]
Step 4: Final Answer:
The angle between the two lines of regression is \( \tan^{-1}(0.4267) \).