The level of significance, $\alpha$ is the probability of making a Type II error, which is rejecting a true null hypothesis.

Name: The level of significance, $\alpha$ is the probability of making a Type II error, which is rejecting a true null hypothesis.
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The level of significance is the probability of making a Type I error, which is rejecting a true null hypothesis. A Type II error is failing to reject a false null hypothesis.

The Level of Significance α\alphaα Is the Probability of Making a Type II Error, Which

The Level of Significance $\alpha$ Is the Probability of Making a Type II Error, Which