Answer:
The decision rule is
Fail to reject the null hypothesis
The conclusion is
The is no sufficient evidence to support the claim that the less than 1% of the cards are defective
Step-by-step explanation:
From the question we are told that
The sample size is 
The population proportion of defective samples is p = 0.01
The sample proportion of defective samples is 
The level of significance is 
The null hypothesis is 
The alternative hypothesis is 
Generally the test statistics is mathematically represented as
=> 
=> 
From the z table the area under the normal curve to the left corresponding to 0.00406 is

comparing the p-valve and the level of significance we see that the
hence
The decision rule is
Fail to reject the null hypothesis
The conclusion is
The is no sufficient evidence to support the claim that the less than 1% of the cards are defective