A beta distribution for which both parameters and are unknown ( > 0 and

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A beta distribution for which both parameters α and β are unknown (α > 0 and β > 0);

 

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Probability And Statistics

ISBN: 9780321500465

4th Edition

Authors: Morris H. DeGroot, Mark J. Schervish

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