A sample of 1300 computer chips revealed that 74% of the chips do not fail in the first 1000 hours of their use. The company's promotional literature states that 73% of the chips do not fail in the first 1000 hours of their use. The quality control manager wants to test the claim that the actual percentage that do not fail is more than the stated percentage. Is there enough evidence at the 0.05
level to support the manager's claim?
Step 4 of 7:
Determine the P-value of the test statistic. Round your answer to four decimal places.