Compute the cumulative distribution function (CDF) for the beta distribution, given the upper limit of integration x, and values of the shape parameters. The beta distribution plays a critical role is calculating many common statistics, and is hence important to a wide variety of analytics-related tasks.
Compute the probability density function (PDF) for the beta distribution, given the point at which to evaluate the function and the values of the shape parameters. The beta distribution PDF identifies the relative likelihood that an associated random variable will have a particular value, and is very useful for analytics studies that are based on beta distribution probabilities.