Let X have a beta distribution with parameters Î± and Î². (a) Show that the mean and

Question:

Let X have a beta with parameters Î± and Î².
(a) Show that the mean and variance of X are, respectively

(b) Show that when Î± > 1 and Î² > 1, the mode is at x = (Î± ˆ’ 1)/(Î± + Î² ˆ’ 2).

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...