Understanding P-values in Hypothesis Testing

Very Easy Hypothesis Testing P-values And Significance

In hypothesis testing, a researcher obtains a p-value of 0.03 when testing the null hypothesis that a new medication has no effect compared to a placebo. If the significance level (alpha) for the test is set at 0.05, what can the researcher conclude regarding the null hypothesis?

The null hypothesis should be rejected.

The null hypothesis cannot be rejected because the p-value is greater than alpha.

The test results are inconclusive.

Hint

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