A publisher reports that 46% of their readers own a personal computer. A marketing executive wants to test the claim that the percentage is actually under the reported percentage. A random sample of 360 found that 40% of the readers owned a personal computer. Is there sufficient evidence at the 0.01 level to support the executive's claim?

1)State the null and alternative hypotheses.

2)Find the value of the test statistic. Round your answer to two decimal places.

3)Specify if the test is one-tailed or two-tailed.

4)Determine the decision rule for rejecting the null hypothesis, H0H0 5)Make the decision to reject or fail to reject the null hypothesis.

6)State the conclusion of the hypothesis test.