Answer: The value of the test statistic is z= 1.63 .
Step-by-step explanation:
Test statistic for proportion :
[tex]z=\dfrac{\hat{p}-p}{\sqrt{\dfrac{p(1-p)}{n}}}[/tex]
, where p =population proportion.
[tex]\hat{p}[/tex] = sample proportion
n= sample size.
Let p be the proportion of chips do not fail in the first 1000 hours of their use.
As per given, we have
[tex]p=0.41\\ n= 1600\\\hat{p}=0.43[/tex]
Then, required test statistic would be
[tex]z=\dfrac{0.43-0.41}{\sqrt{\dfrac{0.41(1-0.41)}{1600}}}\\\\=\dfrac{0.02}{\sqrt{0.0001511875}}\\\\\approx\dfrac{0.02}{0.0123}\approx1.63[/tex]
Hence, the value of the test statistic is z= 1.63 .