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BETAINV

The BETAINV function in Google Sheets is used to calculate the inverse of the cumulative distribution function (CDF) for a specified beta distribution. It is often used in statistical analysis and probability calculations. Dive into our comprehensive guide to master its application.

Function Syntax and Parameters

Syntax: BETAINV(probability, alpha, beta, lower_bound, upper_bound)

Parameters:

  • probability: The probability for which you want to calculate the inverse of the cumulative distribution.
  • alpha: The alpha parameter of the beta distribution.
  • beta: The beta parameter of the beta distribution.
  • lower_bound: The lower bound of the distribution.
  • upper_bound: The upper bound of the distribution.

Step-by-Step Tutorial

  1. Using BETAINV function:
    • Example: =BETAINV(0.7, 2, 3, 0, 1)
    • Result: 0.7322

Use Cases and Scenarios

  1. Statistical Analysis: Calculate the inverse probability in a beta distribution.
  2. Risk Assessment: Determine the probability of an event within specified limits.
  3. Quality Control: Analyze data within a range to ensure product quality.

Related Functions

  • BETADIST: Calculate the cumulative distribution function (CDF) for a beta distribution.
  • BETAINV: Calculate the inverse of the cumulative distribution function (CDF) for a beta distribution.

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