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

Multiple Choice

A significance level for a hypothesis test is given as $\alpha = .01$ . Interpret this value.

A) The smallest value of $\alpha$ that you can use and still reject $H _ { 0 }$ is $.01$ .
B) The probability of making a Type I error is $.01$ .
C) There is a $1 \%$ chance that the sample will be biased.
D) The probability of making a Type II error is $.99$ .