Answer:
The p-value of the test is 0.015 < 0.05, which means that there is sufficient evidence at the 0.05 level to support the company's claim.
Explanation:
The company's promotional literature claimed that more than 47% do not fail in the first 1000 hours of their use.
At the null hypothesis, we test if the proportion is of 47% or less, that is:
At the alternative hypothesis, we test if the proportion is of more than 47%, that is:
The test statistic is:
In which X is the sample mean,
is the value tested at the null hypothesis,
is the standard deviation and n is the size of the sample.
0.47 is tested at the null hypothesis:
This means that
A sample of 1300 computer chips revealed that 50% of the chips do not fail in the first 1000 hours of their use.
This means that
Value of the statistic:
P-value of the test and decision:
The p-value of the test is the probability of finding a sample proportion above 0.5, which is 1 subtracted by the p-value of z = 2.17.
Looking at the z-table, z = 2.17 has a p-value of 0.9850
1 - 0.985 = 0.015
The p-value of the test is 0.015 < 0.05, which means that there is sufficient evidence at the 0.05 level to support the company's claim.