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Returns the inverse value of the cumulative distribution function of the specified beta distribution.
That is, if probability = BETADIST(x,...), then BETAINV(probability,...) = x.
The beta distribution function can be used in project design to simulate possible completion times given a desired completion time and varying parameters.
Grammar
BETAINV(probability,alpha,beta,A,B)
Probability The probability value of the Beta distribution.
Alpha distribution parameters.
Beta distribution parameters.
A An optional lower bound for the interval to which the value x belongs.
B An optional upper bound for the interval to which the value x belongs.
Description
■ If any parameter is non-numeric, BETAINV returns the error value #VALVE!.
■ If alpha ≤ 0 or beta ≤ 0, BETAINV returns the error value #NUM!.
■ If probability ≤ 0 or probability > 1, BETAINV returns the error value #NUM!.
■ If the A or B values are omitted, BETAINV uses the standard cumulative beta distribution, that is, A = 0, B = 1.
■ If a probability value is given, BETAINV solves for the value x using BETADIST(x, alpha, beta, A, B) = probability.
Therefore, the accuracy of BETAINV depends on the accuracy of BETADIST. BETAINV uses iterative search techniques.
■ If the search does not converge after 100 iterations, the function returns the error value #N/A.
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