The p-value is the probability of the calculated test statistic if possible under the null hypothesis. To decide over a hypothesis test using the p-value you have to compare the said value with the level of significance (α) following the decision rule:
- If the p-value is greater or equal to α, then you do not reject the null hypothesis.
- If the p-value is less than α, then you reject the null hypothesis.
For the p-value= 0.0059 you can make the decision for each scenario:
1) α: 0.01
p.value =0.0059
→ The p-value is less than the significance value, the decision is to reject the null hypothesis.
2) α=0.05
p-value=0.0059
→ The p-value is less than the significance value, the decision is to reject the null hypothesis.
3) α= 0.10
p-value=0.0059
→ The p-value is less than the significance value, the decision is to reject the null hypothesis.