Final answer:
The statement is false. When the alpha is 0.01, a p-value of 0.02 does not reject the null hypothesis.
Step-by-step explanation:
False. When conducting a hypothesis test, if the p-value is less than the predetermined significance level (alpha), we reject the null hypothesis. In this case, the alpha is 0.01 and the p-value is 0.02. Since the p-value is greater than the alpha, we do not reject the null hypothesis. Therefore, the statement is false.