The F-ratio is a key statistic used in statistical analysis, especially in Analysis of Variance (ANOVA), to compare variances.
It is calculated as the ratio of the within-group variance to the between-group variance.
The formula can be represented as:
$ F = \frac{\text{Within-Group Variance}}{\text{Between-Group Variance}} $
A higher F-ratio value suggests that the variation between groups is significantly larger than the variation within groups.