The folks here have a nice write-up on this:
http://www.cambridgeincolour.com/tut...hotography.htm
Pity they aren't clear between "aperture" and "aperture ratio", f/16 most definitely being the latter. But I see this mistake thrown around a lot; it's good digital cameras are removing the need to think from photography. That way the Art can shine through.
s-a

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