But you can not install 8 inside Windows 7 you need to install it to another Partition/HDD or if you have a high enough version of 7 you can run it as a Virtual Machine from inside 7.
Personally I would suggest removing the HDD with 7 on it and fitting another HDD and Install 8 Beta to that as you do not want to mess with the current install of 7 which will result in a Dual Boot Configuration and you'll always get the Option to Chose which OS you want to boot into when you first turn the computer on.
Even better it would be great if you could install 8 on another computer all together so that you have no chance of doing any damage to your current OS.
If you read the Warnings that came with the Beta Version of 8 it clearly tells you that this is a Preproduction Release which may not work very well and you should not use in a Environment where reliability is required.
However if you are fine with needing to edit thew Boot Loader or reinstall 7 latter you can install to a different Partition/HDD to what 7 is loaded to but that partition/HDD should not have anything on it.
You should also backup all your Important Data & Settings so as you can recover if something goes wrong when you attempt to install 8.
Col