In: Statistics and Probability
A sample of 800 computer chips revealed that 75% of the chips do not fail in the first 1000 hours of their use. The company's promotional literature claimed that more than 72% 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?
Step 1 of 1:
State the null and alternative hypotheses for the above scenario.