If P = 0.03, which of the following is the best conclusion?

i. If H0 is true, the probability of obtaining a test statistic as extreme as or more extreme than the one actually observed is 0.03.

ii. The probability that H0 is true is 0.03.

iii. The probability that H0 is false is 0.03.

iv. If H0 is false, the probability of obtaining a test statistic as extreme as or more extreme than the one actually observed is 0.03.