Coherent population beating (CPB) phenomenon occurs in a typical three-level system. When the frequency difference between two coherent pumping laser fields has a certain detuning from the ground-state hyperfine splitting, the excited state population will experience a transient oscillation before reaching equilibrium, and the oscillation frequency is equal to the detuning. The CPB phenomenon enables us to directly obtain the beat frequency between the measured radio frequency (RF) signal and the atomic transition frequency. Then we can get the standard frequency by compensating the beat frequency to the RF. We propose a scheme to implement atomic clock based on the CPB phenomenon in 2009, and the scheme has been implemented. When this effect is used to achieve an atomic clock, the frequency stability is directly related to the amplitude and SNR (signal to noise ratio) of the CPB signal. Influence of the ground-state hyperfine sublevels' coherence on CPB signal is theoretically simulated and experimentally investigated in this paper. A formula of the CPB signal is derived by using the semi-classical model of the interaction of atoms with light, and the theoretical simulation is done using the formula obtained. In the experiment two coherent pumping laser fields are used to interact with 87Rb atoms. A CPB process includes the coherence build-up and the CPB stimulation. The coherence of the ground-state hyperfine sublevels is achieved by controlling the pumping time of the coherent laser fields that are resonant to the ground-state hyperfine sublevels. With this method, the relationship between CPB signal and coherence of the ground-state hyperfine sublevels can be observed. Result shows that the amplitude of CPB signal is proportional to the ground-state hyperfine sublevels' coherence. The hign quality CPB signal can be achieved when the CPB stimulation is started with a pure coherent population trapping (CPT) state. In the CPB process, the coherence build-up rate is approximately equal to the coherence decay rate. So a 50% duty cycle square wave can be used to modulate the RF, and the period of the square wave had better be twice of the decay time of the ground-state hyperfine sublevels' coherence. To improve the SNR of CPB signal and the stability of atomic frequency standard, the ground-state hyperfine sublevels' coherence must be built up, improved, and maintained before the CPB stimulation. The feasibility of applying CPB phenomenon to the weak magnetic field measurement and other applications is also discussed in this paper.