====== Beta (Generalized) Distribution ====== Beta (Generalized) Distribution In probability theory and statistics, the Beta distribution is a family of continuous probability distributions defined on the interval [0,1] parameterized by two non-negative shape parameters, typically denoted by alpha and beta. This is a generalized version of the Beta distribution with dynamic interval defined by parameters min and max. f(x,alpha,beta,min,max) =  //( ( ( (x-min)/(max-min) ) ^(alpha-1) )*(1-( (x-min)/(max-min) ) )^ (beta-1))/(Beta(alpha,beta)-min/(max-min) )// where //Beta// (the beta function) is a normalization constant to ensure that the total probability is 1 and has next formula   Beta(alpha,beta) = //integral from 0 to 1 of t^(alpha-1)*(1-beta)^(alpha-1) dt// support [min <= x <= max] ^Parameter^Description ^Default value^ |alpha |The first shape parameter |2.0 | |beta |The second shape |2.0 | |Min |The minimum value)|0.0 | |Max |The maximum value |1.0 |