The first step in calculating a p-value is to make a hypothesis of the statistical model for your study. You then assume that the hypothesis is true and calculate the probability of observing an outcome at least as extreme as the one that you did observe. This probability is the p-value.
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Compute means to figure out the question and get an answer.
Compute = calculate; perimeter = measurement of the outside edge.
It seems you already have the result. What is it you want to compute, and based on what data?
Compute & print the sum of a set of data values
The noun form of the verb to compute are computer, computation, and the gerund, computing.