Step 1: Understanding the Concept:
The Beta and Gamma functions are Euler integrals that are fundamental in advanced mathematical analysis and statistics.
Step 2: Detailed Explanation:
Let us review the standard mathematical relationship between these two functions:
For any positive real numbers $m > 0$ and $n > 0$, the Beta function $\beta(m, n)$ is defined as:
\[ \beta(m, n) = \int_0^1 x^{m-1}(1-x)^{n-1} \, dx \]
The Gamma function $\Gamma(z)$ is defined as:
\[ \Gamma(z) = \int_0^{\infty} e^{-t} t^{z-1} \, dt \]
The established mathematical theorem connects these two functions through the identity:
\[ \beta(m, n) = \frac{\Gamma(m) \Gamma(n)}{\Gamma(m+n)} \]
This relationship is crucial for solving complex probability density integral problems.
Therefore, option (C) is the correct relation.
Step 3: Final Answer
The correct option is (C).