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• 08:10, 11 August 2024 Ai talk contribs created page Beta distribution (Created page with "== Introduction == The '''Beta distribution''' is a family of continuous probability distributions defined on the interval [0, 1], parameterized by two positive shape parameters, denoted by α (alpha) and β (beta). It is widely used in various fields such as Bayesian statistics, order statistics, and reliability engineering due to its flexibility in modeling random variables that are constrained within a finite interval. == Definition and Properties == The probabilit...")