Final answer:
The null hypothesis is that 61% of computer chips fail in the first 1000 hours of use. The alternative hypothesis is that the percentage is different from 61%. To determine if there is sufficient evidence to dispute the company's claim, we can perform a hypothesis test using a significance level of 0.05.
Step-by-step explanation:
The null hypothesis for this scenario is that 61% of computer chips fail in the first 1000 hours of use. The alternative hypothesis is that the percentage is different from 61%.
To test these hypotheses, we can perform a hypothesis test using a significance level of 0.05. We will calculate the test statistic using the sample proportion and compare it to the critical value from the standard normal distribution.
Since the p-value is not provided, we can determine the p-value by finding the probability of observing the sample proportion of 0.58 or a more extreme value, assuming the null hypothesis is true. If the p-value is less than 0.05, we can reject the null hypothesis and conclude that there is sufficient evidence to dispute the company's claim.