Beta

Continuous distribution along a bounded interval.

Parameters

Alpha: Alpha parameter of the distribution.

Beta: Beta parameter of the distribution.

Minimum: Minimum value of the distribution.

Maximum: Maximum value of the distribution.

Applications

Applied in modeling task completion probabilities in project management, estimating success rates in marketing campaigns, and assessing risks in financial portfolios within bounded outcomes.

To integrate Monte Carlo samples in your scenarios, see the Scenarios - Monte Carlo module.

Beta

Outputs

Plot: Histogram of the distribution with selected Confidence Interval.

Data: Confidence Intervals, Summary Statistics and Percentiles. See a sample output.

Learn the basics in 5 minutes with our Quick start guide. To make the most of Fontics, check out our Tips & tricks.