Yes, based on the information provided, the seller's statement can be considered a misrepresentation.
Why is the statement a misrepresentation
If the seller claimed that the computer had a Pentium IV processor, but it was actually equipped with a much slower chip, it constitutes a false or misleading representation of the product.
Misrepresentation occurs when false information is intentionally provided or when there is a significant discrepancy between the seller's statement and the actual characteristics of the product.
In this case, if the processor in the computer is not a Pentium IV, as claimed by the seller, it could be considered deceptive or misleading.
complete question
Chip was shopping for a used computer. He found one and asked the seller if the processor was a Pentium IV. The seller said, "Yes, it is a Pentium IV processor." In fact, it was a much slower chip. Is the seller's statement a misrepresentation?