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Importance of delta value
Delta value (δ), also known as hedging value, refers to the change range of option price when the underlying asset price changes. Expressed by the formula: Delta= option price change/underlying asset price change.

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The formula for calculating the value of f is: F= sum of squares between groups/sum of squares within groups.

The sum of squares between groups indicates the difference degree between different groups, and the sum of squares within groups indicates the difference degree of observed values within the same group. In the analysis of variance, we usually assume that the differences in observed values between different groups are caused by different levels of processing factors (or independent variables).

The difference of observation values in the same group is caused by random error. If the influence of different levels of processing factors is greater than that of random error, the sum of squares between groups will be greater than the sum of squares within groups, resulting in f value greater than 1.

The significance level of F value (or P value) can be calculated by looking up the F distribution table or using statistical software. If the p value of f value is less than the preset significance level (such as 0.05), the null hypothesis can be rejected (that is, different levels of processing factors have no significant influence on the observed values).

It is considered that different levels of treatment factors have significant effects on the observed values. On the other hand, if the p value of f value is greater than the preset significance level, the null hypothesis cannot be rejected, and it is considered that different levels of processing factors have no significant influence on the observed values.

The main function of f value in variance analysis d:

1. Measure the differences between groups and within groups: calculate the value of f by comparing the sum of squares between groups and the sum of squares within groups. If the sum of squares between groups is greater than the sum of squares within groups, the value of f will be greater than 1.

It shows that the differences between different groups are greater than those within the same group. On the other hand, if the sum of squares within a group is greater than the sum of squares between groups, the value of f will be less than 1, indicating that the degree of difference within the same group is greater than that between different groups.

2. Determine whether the different levels of processing factors have a significant impact on the observed values: In the analysis of variance, we usually assume that the differences in the observed values between different groups are caused by different levels of processing factors.

By calculating the F value and comparing it with the critical value in the F distribution table, it can be judged whether the different levels of processing factors have a significant impact on the observed values. If the p value of f value is less than the preset significance level, then we can reject the null hypothesis and think that different levels of processing factors have significant influence on the observed values.

3. Analyze the relationship between variables: F value can also be used to analyze the relationship between variables. By comparing the effects of different independent variables on dependent variables, we can calculate the F values of their respective variables and judge whether the relationship between them is significant. For example, in regression analysis, the value of f can be used to test the overall significance of regression model, so as to judge whether the influence of independent variables on dependent variables is significant.