The correct relation between \( \alpha \) (ratio of collector current to emitter current) and \( \beta \) (ratio of collector current to base current) of a transistor is:
\( \alpha = \dfrac{\beta}{1 - \alpha} \)
\( \alpha = \dfrac{\beta}{1 + \beta} \)
\( \beta = \dfrac{1}{1 - \alpha} \)
\( \beta = \dfrac{\alpha}{1 + \alpha} \)