 Solution

At the conventional $5\%$ significance level, Student 1's p-value $0.72$ gives no rejection of equal mean wear, while Student 2's p-value $0.009$ gives rejection of equal mean wear. The latter also rejects at the $1\%$ significance level. More generally, compare each p-value with the prespecified level $\alpha$; no decision threshold was fixed in the data supplied.

Failure to reject does not establish equality, and a p-value is not the posterior probability that the null hypothesis is true. These two-sided p-values alone also do not identify which material has larger mean wear.