For Generate Random Sample, the Beta distribution can be defined by its Mean and Variance or by two shape parameters a and b. The mean is equal to a(a+b)−1 with variance ab(a+b+1)−1(a+b)−2;. By default, the two-parameter form is used, defined on the range (0,1). By setting the lower and upper bounds the four-parameter form can be used, defined on the specified range and the mean between them must be within the specified range.
Generate Sample from Beta distribution
Updated on January 30, 2023