Mathematics, 29.03.2021 18:40, Serenitybella

A sample of 800 computer chips revealed that 60% of the chips do not fail in the first 1000 hours of their use. The company's promotional literature claimed that above 55% do not fail in the first 1000 hours of their use. Is there sufficient evidence at the 0.01 level to support the company's claim? State the null and alternative hypotheses for the above scenario.

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A sample of 800 computer chips revealed that 60% of the chips do not fail in the first 1000 hours of...