Note: Some people have trouble thinking in terms of "order of magnitude" ...
@gracy - the picture you drew for the diatomic molecule is basically a dumbell shape.
Do you not know how to find the moment of inertia of two spheres attached by a rod?
For the sake of the argument, let's say that this particular diatomic molecule has the same element at each end ... say it's H
2 or something.
So we have two spheres diameter d (approx 10
-15m) whose centers are separated by distance L (~10
-10m)
The moment of inertia of a sphere is given by: ... (look it up)
The parallel axis theorem is: ... (look it up)
So: for the sake of notation, let the x-axis be the bond axis, and have the origin at the center of mass.
What is the moment of inertia about the x axis? I
x = ...
What is the moment of inertia about the (say) y axis? I
y = ...
What is I
x/I
y ?
See why I
x is negligible compared with I
y ?
[edit]Oh you seem to have sorted it out...