In: Statistics and Probability
What does it mean in terms of variability when the F ratio is equal to 1? Why—explain in terms of variance or differences.
F-ratio in statistics is used if there is difference between groups in an experiment.
F-ratio is the ratio of variances.
If F-ratio is equal to 1, then we can conclude that the variances are equal or similar irrespective of the significance level we use for the test