Day 2 : Beta

The Beta distribution is a family of continuous probability distributions defined on the interval [0, 1] or (0, 1) in terms of two positive parameters, denoted by alpha (α) and beta (β) which control the shape of the distribution.

🔔 Random Facts 🔔

• The Beta distribution is the conjugate prior probability distribution 🪢 to the binomial distribution

• If X ~ Beta(α, β), then 1 − X ~ Beta(β, α) This property is called mirror-image symmetry 🪞