To solve this problem, we need to understand the properties and relationships of the F-distribution. The F-distribution is a continuous probability distribution that arises frequently in the analysis of variance, among other statistical tests.
We are given:
Given the reciprocal relationship of F-distributions, where if \(X \sim F_{n,m}\), then \(\frac{1}{X} \sim F_{m,n}\), we can use this relationship between \(X\) and \(Y\).
For the specified distributions: \[ P(X \leq 2) = \frac{216}{343} \implies P\left( \frac{1}{X} \geq \frac{1}{2} \right) = \frac{216}{343} \]
Using the complement rule: \[ P\left( \frac{1}{X} \leq \frac{1}{2} \right) = 1 - \frac{216}{343} = \frac{127}{343} \]
Here, \(\frac{1}{X} \sim F_{2,6}\), which is the same distribution as \(Y\). Hence: \[ P(Y \leq \frac{1}{2}) = \frac{127}{343} \]
Therefore, \(\alpha = \frac{127}{343}\).
We need to find \(686 \alpha\): \[ 686 \alpha = 686 \times \frac{127}{343} = 2 \times 127 = 254 \]
Thus, the correct answer is 254.