Yes but according to Wikipedia
RGBA stands for red green blue alpha. While it is sometimes described as a color space, it is actually simply a use of the RGB color model, with extra information. The color is RGB, and may belong to any RGB color space, but an integral alpha value as invented by Catmull and Smith between 1971 and 1972 enables alpha compositing. The inventors named alpha after the Greek letter in the classic linear interpolation formula αA + (1-α)B.

The alpha channel is normally used as an opacity channel. If a pixel has a value of 0% in its alpha channel, it is fully transparent (and, thus, invisible), whereas a value of 100% in the alpha channel gives a fully opaque pixel (traditional digital images). Values between 0% and 100% make it possible for pixels to show through a background like a glass (translucency), an effect not possible with simple binary (transparent or opaque) transparency. It allows easy image compositing.

And that is what I am seeing in the picker completely transparent , so how do I interpret the values?