A publisher reports that62%of their readers own a particular make of car. A marketing executive wants to test the claim that the percentage is actually over the reported percentage. A random sample of340found that68%of the readers owned a particular make of car. Is there sufficient evidence at the0.01level to support the executive's claim?

Step 1 of 6:State the null and alternative hypotheses.

Step 2 of 6:Find the value of the test statistic. Round your answer to two decimal places.

Step 3 of 6:Specify if the test is one-tailed or two-tailed.

Step 4 of 6:Determine the decision rule for rejecting the null hypothesis,H0.

Step 5 of 6:Make the decision to reject or fail to reject the null hypothesis.

Step 6 of 6:State the conclusion of the hypothesis test.