You can use a beta distribution to model the distribution of a quantity that is known to vary between lower and upper bounds. In this example, a manufacturing company uses a robotic arm to attach ...

Using a characterizing equation for the beta distribution, Stein's method is applied to obtain bounds of the optimal order for the Wasserstein distance between the distribution of the scaled number of ...

Crashlytics, the testing and analytics company that was acquired by Twitter last year, is firing up a new beta distribution tool. The timing is pretty on-point as one of the major two players in the ...