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The significance level $\alpha$ controls the chance of rejecting a true null hypothesis. It defines the probability of making a Type I error, which is rejecting $H_0$ when it is actually true.

Conditions: The test is conducted under the null model.; $\alpha$ is the pre-specified significance level.

The significance level $\alpha$ controls the chance of rejecting a true null hypothesis. It defines the probability of making a Type I error, which is rejecting $H_0$ when it is actually true.

Conditions: The test is conducted under the null model.; $\alpha$ is the pre-specified significance level.