A significance level for a hypothesis test is given as $\alpha = .01$ . Interpret this value.
A) The probability of making a Type I error is .01.
B) The smallest value of ? that you can use and still reject H0 is .01.
C) The probability of making a Type II error is .99.
D) There is a 1% chance that the sample will be biased.

Question

Quizplus · Accepted Answer

The significance level $\alpha = .01$ indicates that there is a 1% probability of rejecting the null hypothesis when it is actually true, which is the definition of a Type I error.

A Significance Level for a Hypothesis Test Is Given As \alpha