Lesson 42 – Bounded: The language of Beta distribution

Last week, in Lesson 41, we started toying with the idea of continuous probability distributions. When a random variable X is continuous (i.e., can be any Real number), we can compute the probability of X between any two values, using a continuous probability distribution function . The continuous probability density function (pdf) is the limiting … Continue reading Lesson 42 – Bounded: The language of Beta distribution