The manufacturer of the ColorSmart-5000 television set claims that 95 percent of its sets last at least five years without needing a single repair. In order to test this claim, a consumer group randomly selects 400 consumers who have owned a ColorSmart-5000 television set for five years. Of these 400 consumers, 316 say that their ColorSmart-5000 television sets did not need repair, while 84 say that their ColorSmart-5000 television sets did need at least one repair.
(a) Find a 99 percent confidence interval for the proportion of all ColorSmart-5000 television sets that have lasted at least five years without needing a single repair. (Round your answers to 3 decimal places.)
(b) Does this confidence interval provide strong evidence that the percentage of all ColorSmart-5000 television sets that last at least five years without a single repair is less than the 95 percent claimed by the manufacturer?