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Statistics and data science, defined

Beta Distribution (Graphical)

Suppose x1, x2, … , xn are n independent values of a random variable uniformly distributed within the interval [0,1]. If you sort the values in ascending order, then the k-th value will have a beta distribution with parameters mathematical symbol, mathematical symbol. The density of beta distribution is given by

Formula: Beta Distribution (Graphical)

where mathematical symbol, mathematical symbol; mathematical symbol is the gamma function.

Where this gets used

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