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5.0L (1979-1995) MustangTechnical discussions on 5.0 Liter Mustangs within. This does not include the 5.0 from the 2011 Mustang GT. That information is in the 2005-1011 section.
What year is your car? I know on a 94-95 the computer is on the passenger side in the front side panel in front of the passenger door. Just pull the panel off and pull the computer down. When you look at the computer you should have a pretty easy time seeing if it has a chip because it will be obvious.