When asked to explain the meaning of "the p-value was p = 0.03," a student says, "this means there is only probability 0.03 that the null hypothesis is true." is this an essentially correct explanation? explain your answer. yes, this is a correct explanation. no, p = 0.03 means that the probability, assuming the null hypothesis is true, that the test statistic will take a value at least as extreme as that actually observed is less than 0.03. no, p = 0.03 means that the outcome is at least 3% higher among one group than among the other group. no, p = 0.03 means that the probability, assuming the null hypothesis is true, that the test statistic will take a value at least as extreme as that actually observed is 0.03. no, p = 0.03 means that there is probability 0.03 that the null hypothesis is false.