Concept:
Use the substitution
\[
x=\frac{\alpha+\beta}{2}
+\frac{\beta-\alpha}{2}\sin\theta.
\]
This transforms the integral into a standard trigonometric integral.
Step 1: Apply the substitution.
Let
\[
a=\frac{\beta-\alpha}{2}.
\]
Then
\[
x=\frac{\alpha+\beta}{2}+a\sin\theta
\]
and
\[
dx=a\cos\theta\,d\theta.
\]
Also,
\[
x-\alpha=a(1+\sin\theta),
\]
\[
\beta-x=a(1-\sin\theta).
\]
Hence
\[\begin{aligned}
\sqrt{(x-\alpha)(\beta-x)}
&=
a\cos\theta.
\end{aligned}\]
Step 2: Transform the integral.
When
\[
x=\alpha,
\]
\[
\theta=-\frac{\pi}{2}
\]
and when
\[
x=\beta,
\]
\[
\theta=\frac{\pi}{2}.
\]
Therefore,
\[\begin{aligned}
I
&=
a^2
\int_{-\pi/2}^{\pi/2}
\cos^2\theta\,d\theta.
\end{aligned}\]
Step 3: Evaluate the integral.
\[\begin{aligned}
\int_{-\pi/2}^{\pi/2}
\cos^2\theta\,d\theta
=
\frac{\pi}{2}
\end{aligned}\]
Hence,
\[\begin{aligned}
I
&=
a^2\cdot\frac{\pi}{2}
\\
&=
\frac{\pi}{2}
\left(
\frac{\beta-\alpha}{2}
\right)^2
\\
&=
\frac{\pi}{8}
(\beta-\alpha)^2.
\end{aligned}\]
\[\begin{aligned}
\boxed{
\frac{\pi}{8}(\beta-\alpha)^2
}
\end{aligned}\]
Hence, option \(\mathbf{(D)}\) is correct.