Answer:
Explanation:
Here population parameter p= 1% = 0.01
But sample proportion = 0.03
Sample size = n=600
Std error of the sample =

Let us assume significance level as 5%
For proportion z critical for 95% is 1.96
Margin of error = 1.96(std error) = 0.024
Conf interval for proportion lower bound = 0.01-0.024 =- 0.014
Upper bound = 0.01+0.024 = 0.124
Thus conf interval (-0.014, 0.124)
Our sample proportion is 0.03 which does not lie within this interval.
Hence we conclude that
Yes, because the results are unlikely to occur by chance.