Question: A supplier of 3.5" disks claims that no more than 1% of the disks are defective. In a random sample of 600 disks, it is found that 3% are defective, but the supplier claims that this is only a sample fluctuation. At the 0.01 level of significance, test the supplier's claim that no more than 1% are defective. Find the P-value for the indicated hypothesis test.