Question: A significance level for a hypothesis test is given as O = 0.01. Interpret this value. O The probability of making a Type I error

A significance level for a hypothesis test is given as O = 0.01. Interpret this value. O The probability of making a Type I error is 0.01. The smallest value of O that you can use and still reject Ho is 0.01. The probability of making a Type II error is 0.99. O There is a 1% chance that the sample will be biased

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