Choose the Statement That Best Describes the Significance Level in the Context

Choose the statement that best describes the significance level in the context of the hypothesis test.

A) The significance level of 0.01 is the defect rate we believe is the true defect rate.
B) The significance level of 0.01 is the probability of concluding that the defect rate is different than 0.09 when in fact the defect rate is equal to 0.09.
C) The significance level of 0.01 is the probability of concluding that the defect rate is equal to 0.09 when in fact it is greater than 0.09.
D) The significance level of 0.01 is the z- statistic that we will use to compare the observed outcome to the null hypothesis.