Question: Considering that the alpha value is set to .01, in which of the following cases the null hypothesis should be rejected? 1. The p value

Considering that the alpha value is set to .01, in which of the following cases the null hypothesis should be rejected?

1. The p value is the higher than .01.

2.The p value is .055.

3. The p value is lower than .05.

4. The p value is lower than .01.

Please provide correct answer and an explanation will be useful. Thank you!

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