The Beta Distribution

Free SOA Exam P (Probability) lesson in Univariate Random Variables. 11 min read, ~1,711 words.

Beta( ) on: density proportional to. Mean:. Variance:, or get it from. Read off the density: the power on is; the power on is. A probability is, integrated only over since the density is 0 outside the unit interval. The exam gives the density; the skill is integrating it for...